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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
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 Duto Cost Retail Inventory, 1/1/2021 Inventory, 12/31/2021 S 22.800 S 30.000 Retail Price Index 1.00 Cost-to-Retail Percentage 32,000 46,000 1.15 % 2022 net purchases 67,620 98,000 2022 not sales Inventory, 12/31/2022 85,500 1:30 A 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 Retail Cost to Retail Date Cost Retail Price Index Percentage Inventory, 1/12021 $ 22,800 $ 30.000 1.00 % Inventory, 12/31/2021 32,000 46,000 1.15 % 2022 net purchases 67.620 98,000 xxes 2022 net sales inventory, 12/31/2022 85.500 1.30 A
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