Question: . Data below for the year ended December 31, 2018, relates to Houdini Inc. Houdin. business January 1, 2018, and uses the LIFO retail method

. Data below for the year ended December 31, 2018, relates to Houdini Inc. Houdin. business January 1, 2018, and uses the LIFO retail method to estimate ending inver Retail $ 88,000 $121,000 408,690 590,000 37,000 57,000 528,000 Cost Beginning inventory Net purchases Net markups Net markdowns Net sales Estimated ending inventory at cost is: A. $111,988. $118,114 $123,190 None of these answer choices are correct. . . D

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