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Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data: ($ in 000s) Cost

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data:

($ in 000s)
Cost Retail
Beginning inventory $ 75 $ 120
Purchases 666 1,001
Freight-in on purchases 25
Purchase returns 1 2
Net markups 4
Net markdowns 8
Net sales 911

Required: Use the retail method to approximate cost of ending inventory in each of the following ways: (Enter your answers in thousands. Round your cost-to-retail percentage calculation and final answers to 2 decimal places.)

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