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

question 6

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.
- Estimated ending inventory at cost is:

• A) $90,720.
• B) $83,500.
• C) $91,600.
• D) None of these answer choices are correct.

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Definitions:

Binge Eating Disorder

An eating disorder characterized by recurring episodes of eating large quantities of food in a short period, often to the point of discomfort, but without subsequent purging behaviors.

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging to try and rid the body of unwanted calories.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Bulimia

An eating disorder marked by binge eating followed by purging to prevent weight gain, often through vomiting or using laxatives.