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1 2 Data below for the year ended December 3 1 , 2 0 2 4 , relates to Houdini Incorporated. Houdini started business January

12

Data below for the year ended December

31, 2024,

relates to Houdini Incorporated. Houdini started business January

1, 2024,

and uses the LIFO retail method to estimate ending inventory.

\

table

[[

Beginning inventory,Cost,Retail

], [

Net purchases,

36, 000,

109, 000

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