Question: 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
Data below for the year ended December 31,2021, relates to Houdini

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