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9 Assignment Saved Help Save & Exit Submit Check my work Book Print Bosco Company adopted the dollar-value LIFO retail method at the beginning
9 Assignment Saved Help Save & Exit Submit Check my work Book Print Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2021. Information for 2021 and 2022 is as follows, with certain data intentionally omitted: Required: Determine the missing data. (Round "Cost-to-Retail Percentage" to the nearest whole percent (i.e., 0.1234 should be entered as 12%).) Inventory ferences Date: Inventory, 1/1/2021 Inventory, 12/31/2021 2022 net purchases 2022 net sales Inventory, 12/31/2022 Retail Cost-to-Retail Cost Retail Price Index Percentage $ 22,800 $ 30.000 1.00 76 % 24,606 33,600 1.05 86 % 65,760 96,000 83,400 46,200 1.10 Mc Prev 7 of 10 Next >
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