[The following information applies to the questions displayed below.] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: ($ in poos) Cost Retail Beginning inventory $ 89 $ 134 Purchases 680 1,015 Freight-in on purchases 39 Purchase returns 1 Net markups 4 Net markdowns 8 Net sales 925 2 2. Use the retail method to approximate cost of ending inventory valued under Conventional method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55) Net markdowns Net sales 8 925 2. Use the retail method to approximate cost of ending inventory valued under Conventional method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55) * Answer is complete but not entirely correct. Ending inventory (s in 000s) Conventional 144.00 X