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 retail is:
A) $65,000.
B) $169,600.
C) $25,000.
D) $129,000.

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 retail is:
A) $65,000. 
B) $169,600. 
C) $25,000. 
D) $129,000.

Quizplus · Accepted Answer

11ea937b_3625_0e6f_a419_a909615cbcc1_TB2599_00

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