9-22

Exercise 9-22 Dollar-value LIFO retail; solving for unknowns [LO9-5) Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2018. Information for 2018 and 2019 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 Cost-to-Retail Percentage Date S Retail Price Index 1.00 1.04 $ Cost 27,000 34,956 69,870 Inventory, 1/1/2018 Inventory, 12/31/2018 2019 net purchases 2019 net sales Inventory, 12/31/2019 Retail 36,000 46,800 102,000 94,900