data below for the year ended december 31, 2024, relates to houdini incorporated houdini started business january 1, 2024, and uses the lifo retail method to estimate ending inventory. cost retail beginning inventory $ 90,000 $ 122,000 net purchases 416,440 600,000 net markups 38,000 net markdowns 58,000 net sales 537,000 estimated ending inventory at retail is: g