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Return to question 9 Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2021. Information for 2021 and 2022 is as follows,

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Return to question 9 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: 10 points Required: Determine the missing data. (Round "Cost-to-Retail Percentage" to the nearest whole percent (i.e., 0.1234 should be entered as 12%).) X Answer is complete but not entirely correct. Inventory Retail Cost-to- Retail Date Cost Retail Price Index Percentage $ 21,000 $ 28,000 1.00 75 % 22,792 33,600 1.12 80 % Inventory, 1/1/2021 Inventory, 12/31/2021 2022 net purchases 2022 net sales Inventory, 12/31/2022 60,000 88,400 80,000 26,100 X 42,000 1.20

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