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.
- Estimated ending inventory at cost is:
A) $90,720.
B) $83,500.
C) $91,600.
D) None of these answer choices are correct.

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 to estimate ending inventory. 
- Estimated ending inventory at cost is:
A) $90,720. 
B) $83,500. 
C) $91,600. 
D) None of these answer choices are correct.

Quizplus · Accepted Answer

11ea937b_3625_3581_a419_ed4ceef69783_TB2599_00

Data Below for the Year Ended December 31, 2018, Relates