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F Bosco Company adopted the dollar-value LIFO retall method at the beginning of 2024. Information for 2024 and 2025 is as follows, with certain data
F Bosco Company adopted the dollar-value LIFO retall 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 (Le., 0.1234 should be entered as 12.34%). Inventory, 1/1/2024 Inventory, 12/31/2024 2025 net purchases 2025 net sales Inventory, 12/31/2025 Cost Inventory 23,100 24,888 61,870 $ Retail 33,000 36,400 92.000 81,800 Retail Price Index 1.04 1.20 Cost-to-Retail Percentage
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