Data below for the year ended December 31,2024, relates to Houdini Incorporated Houdini started business...
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Accounting
Data below for the year ended December relates to Houdini Incorporated Houdini started business January and uses the LIFO retail method to estimate ending inventory.
Cost Retail
Beginning inventory $ $
Net purchases
Net markups
Net markdowns
Net sales
Estimated ending inventory at cost is:
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