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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
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, 1/1/2021 $ 28,000 $ 40,000 1.00 % Inventory, 12/31/2021 32,644 48,600 1.08 % 2022 net purchases 68,510 105,400 2022 net sales 96,800 Inventory, 12/31/2022 1.10
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