Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales ($ in 000s) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Cost $72 620 25 1 Retail $ 120 926 Required: Assuming the price level increased from 1.00 at January 1 to 1.85 at December 31, 2024, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold. Note: Round your intermediate and final answers to the nearest whole dollar. Enter your answers in thousands. ($ in 000s) 2 4 8 811

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: Required: Assuming the price level increased from 1.00 at January 1 to 1.85 at December 31,2024 , use the dollar-value LiFO retail method to approximate cost of ending inventory and cost of goods sold: Note: Round your intermediote ond final onswers to the nearest whole dollar. Enter your answers in thousands