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

Data below for the year ended December

31, 2021,

relates to Houdini Inc. Houdini started business January

1, 2021,

and uses the LIFO retail method to estimate ending inventory.

\

table

[[,

Cost,Retail

], [

Beginning inventory,$

88, 000,

121, 000

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