Required information Problem 9.9 (Algo) Retail method-average cost and conventional [LO9-3, 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 2021, the records indicate the following data: Problem 99( Algo) Part 1 Required: 1. Use the retail method to approximate cost of ending inventory volued under Average cost method. (Enter your answer in thousands including 2 decimal places, L.e. 12,550 would be 12.55.)