Item 7 A company sells inventory that is subject to a great deal of price volatility. A

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Item 7 A company sells inventory that is subject to a great deal of price volatility. A recent item of inventory that cost $20.40 was marked up $13.60, marked down for a sale by $6.30 and then had a markdown cancellation of $3.80. The latest selling price is

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Item 7 A company sells inventory that is subject to a great deal of price volatility. A

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