Data below for the year ended December 31, 2018, relates to Houdini Inc Houdini started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory Cost Retail Beginning inventory $ 88,000 $ 121,000 Net purchases 408,690 590,000 Net markups 37,000 Net markdowns 57,000 Net sales 528,000 Estimated ending inventory at retail is

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

Data below for the year ended December 31, 2018, relates to Houdini Inc. Houdini started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory.

	Cost		Retail
Beginning inventory	$	88,000	$	121,000
Net purchases		408,690		590,000
Net markups				37,000
Net markdowns				57,000
Net sales				528,000

Estimated ending inventory at retail is ?

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