Saved 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: (5 in 800) Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net Sales Cost Retail $745 119 665 1,000 24 2 3 5 9 910 Problem 9-9 (Algo) part 2 2. Use the retail method to approximate cost of ending Inventory valued under Conventional method. (Enter your answer in Chousands including 2 decimal places, i.e. 12,550 would be 12.55) Ending inventory (s in 000s) Conventional