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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: Cost Retail $ 99

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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: Cost Retail $ 99 $165 684 887 Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 21 778 Requlred Assuming the price level increased from 1 at January 1 to 1.60 at December 31, 2018, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold. (Dnot round intermediate calculatl n$. Rund flnal answers to the nearest whole dollar. Enter yur answers In thousands) 000s Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold

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