/Users/isabellemurfield/Desktop/Screen Shot 2020-10-29 at 12.13.13 PM.png Bosco Company adopted the dollar-value LIFO retail method...
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Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2021. Inform 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 perce 0.1234 should be entered as 12%).) X Answer is complete but not entirely correct. Inventory Retail Cost-to- Retail Percentage Date Cost Retail Price Index $ $ 1.00 75 % Inventory, 1/1/2021 Inventory, 12/31/2021 2022 net purchases 21,000 22,792 60,000 1.12 80 % 28,000 33,600 88,400 80,000 42,000 2022 net sales Inventory, 12/31/2022 28,392 X 1.20
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