Question: 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.
Current period cost-to-retail percentage is:
Multiple Choice
64.9%
72.1%.
Data below for the year ended December 31,2024, relates to Houdini

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