Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data:

	($ in 000s)
Cost	Retail
Beginning inventory	$ 90	$ 150
Purchases	590	1,045
Freight-in on purchases	35
Purchase returns	1	1
Net markups		3
Net markdowns		7
Net sales		921

Required:

Assuming the price level increased from 1.00 at January 1 to 1.35 at December 31, 2024, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold.