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Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2024. Information for 2024 and 2025 is as follows, with certain data
Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2024. Information for 2024 and 2025 is as follows, with certain data intentionally omitted: Required: Determine the missing data. Note: Round "Cost-to-Retail Percentage" to the nearest whole percent (i.e., 0.1234 should be entered as 12.34%). Inventory Date Cost Retail Retail Price Index Cost-to-Retail Percentage Inventory, 1/1/2024 $ 24,500 $ 35,000 1.00 % Inventory, 12/31/2024 28,620 41,200 1.03 % 2025 net purchases 66,660 101,000 2025 net sales Inventory, 12/31/2025 84,600 1.20
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