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:
Definitions:
Equity Provision
A clause in an agreement that allows for adjustment based on the equity value of an entity or asset.
Contract Terms
The specific provisions, conditions, and stipulations that define the agreement and obligations between parties in a contract.
Subject to the Equities
A condition indicating that rights or claims are governed by or contingent upon the principles of equity or fairness in a legal context.
Caveat Emptor
A Latin term meaning "let the buyer beware," advocating that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.
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