Question: 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
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 (i.e., 0.1234 should be entered as 12%).) Inventory Cost 26,600 Retail Price Index 1.00 1.12 Cost-to-Retail Percentage 70 85 $ % aces Retail 38,000 44,800 107,400 87,400 28,504 Date Inventory, 1/1/2021 Inventory, 12/31/2021 2022 net purchases 2022 net sales Inventory, 12/31/2022 % 75,180 1.20
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