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Business, 10.06.2021 21:50 jadkins842

Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2011. Information for 2011 and 2012 is as follows, with certain data intentionally omitted: Bosco Company adopted the dollar-value LIFO retail method at the
Date Inventory Retail price Index Cost to retail percentage
Cost Retail
Inventory 1/1/11 21000 28000 1.00 ?
Inventory 12/31/11 22792 33600 1.12 ?
2012 net purcheses 600,000 88400
2012 net sales 80000
Inventory 12/31/12 ? ? 1.20

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