Data below for the year ended December 31, 2013, relates to Houdini Inc Houdini started business January 1, 2013, and uses the LIFO retail method to estimate ending inventory Cost Retail Beginning inventory $66,000 $109,000 Net purchases 317,250 470,000 Net markups 25,000 Net markdown 45,000 Net sales 420,000 Estimated ending inventory at cost is (Do not round intermediate calculations)

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Question: Data below for the year ended December 31, 2013, relates to Houdini Inc. Houdini started business January 1, 2013, and uses the LIFO retail method

Data below for the year ended December 31, 2013, relates to Houdini Inc. Houdini started business January 1, 2013, and uses the LIFO retail method to estimate ending inventory.

	Cost	Retail
Beginning inventory	$66,000	$109,000
Net purchases	317,250	470,000
Net markups		25,000
Net markdown		45,000
Net sales		420,000

Estimated ending inventory at cost is (Do not round intermediate calculations):

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