Exercise 9-22 (Algo) Dollar-value LIFO retail; solving for unknowns (LO9-5) Bosco Company adopted the dollar-value...
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Exercise 9-22 (Algo) Dollar-value LIFO retail; solving for unknowns (LO9-5) 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 (1.e., 0.1234 should be entered as 12%).) 31 Inventory Dato Retail Price Index Gost Cost to-Retail Porcentage $ Inventory, 1/1/2021 Inventory, 12/31/2021 2022 net purchases 2022 net sales Inventory, 12/31/2022 19,500 $ 27,564 66,150 Retail 26.000 39,200 98,000 84,400 1,00 1.12 1.20
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