Question: 11 Exercise 9-22 Dollar-value LIFO retail; solving for unknowns [LO9-5] Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2018. Information for
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11 Exercise 9-22 Dollar-value LIFO retail; solving for unknowns [LO9-5] Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2018. Information for 2018 and 2019 is as follows, with certain data intentionally omitted: 1.3 polnts Required: Determine the missing data. (Round "Cost-to-Retail Percentage" to the nearest whole percent (i.e., 0.1234 should be entered as 12%).) eBook Inventory Cost-to-Retail Retail Print Date Retail Cost Price Index Percentage 70% Inventory, 1/1/2018 Inventory, 12/31/2018 2019 net purchases 21,000 $ 30,000 1.00 22,804 35,200 1.10 82% References 60,570 90,000 2019 net sales 80,800 Inventory, 12/31/2019 1.20
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