Answer
Retail value of purchases would be considered in the cost to retail under both conventional method or LIFO method.
Work Step by Step
Retail value of purchases refers to the realizable value of the purchased goods if they were to be sold.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 9 - Inventories: Additional Valuation Issues - Concepts for Analysis - Page 540: CA9-7(11)
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