Required information

Problem $9-9($Algo$)$ Retail method$-$average cost and conventional $[$LO$9-3,9-4]$

$[$The following information applies to the questions displayed below.$]$

Smith$-$Kline Company maintains inventory records at selling prices as well as at cost$.$ For $2024,$ the records indicate the

following data:

Problem $9-9($Algo$)$ Part $1$

Required:

Use the retail method to approximate cost of ending inventory valued under average cost method.

Note: Enter your answer in thousands including $2$ decimal places, i$.$e$.12,550$ would be $12\mathrm{.}55.$