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

Question 150

Multiple Choice

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. 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. - Current period cost-to-retail percentage is: A) 70.0%. B) 68.7%. C) 63.6%. D) 63.5%.
- Current period cost-to-retail percentage is:


A) 70.0%.
B) 68.7%.
C) 63.6%.
D) 63.5%.

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