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need correct answer this time without copy paste from other answers solve step by step with explanation calculation formulas thanks Bosco Company adopted the dollar-value
need correct answer this time without copy paste from other answers solve step by step with explanation calculation formulas thanks
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%).) Answer is complete but not entirely correct. Inventory Retail Cost-to- Retail Date Cost Retail Price Index Percentage Inventory, 1/1/2021 18,000 S 25,000 1.00 720 % Inventory, 12/31/2021 22 200 31,500 1.05 70 % 2022 net purchases 53,200 80,000 2022 net sales 71,900 Inventory, 12/31/2022 32.544 X 39,600 1.10Step by Step Solution
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