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Rio company uses the lifo inventory costing method and has a perpetual inventory system. All purchases and sales were cash transactions. The records reflected the

Rio company uses the lifo inventory costing method and has a perpetual inventory system. All purchases and sales were cash transactions. The records reflected the following for January, 2010:

Required:

a. 2010 cost of goods available for sale

b. 2010 cost of goods sold

c. 2010 ending inventory

d. The journal entries for january 6 and 10.

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