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 $ 71 $116 662 997 Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 21 2 907 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.) Ending Inventory $ in 000s 1. Average cost 2. Conventional