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: Beginning inventory Purchases Freightin on purchases Purchase returns Net markups Net markdowns Net sales Required: ($ in 000s) Cost Retail $ 75 $ 120 666 1,001 25 911 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 COOS) Average cost