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 $ 76 $ 121 667 1,002 26 Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 2 912 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