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

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

[[,

Cost,Retail

], [

Beginning inventory,$

76, 000,

119, 000

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