[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 000s)   Cost Retail Beginning inventory $ 80   $ 125   Purchases   671     1,006   Freight-in on purchases   30         Purchase returns   1     2   Net markups         4   Net markdowns         8   Net sales         916       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.)

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