Required information (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 900s) Cost Retail Beginning inventory $ 90 $ 135 Purchases 681 1,016 Freight-in on purchases 40 Purchase returns Net markups Net markdowns Net sales 926 3 Required: 1. Use the retail method to approximate cost of ending inventory valued under Average cost method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55.) Ending inventory ($ in 000s) Average cost Required information [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 000) Cost Retail Beginning inventory $ 90 $ 135 Purchases 681 1,016 Freight-in on purchases 40 Purchase returns Net markups Net markdowns Net sales 926 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) Ending inventory ($ in 000s) Conventional