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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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