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Unformatted text preview: d). (f) This is sales less cost of goods sold from answer e. EXERCISE 9-20 Group the markups and markup cancellations to find the net markups. Group the markdowns and markdown cancellations to find the net markdowns. The cancellations will offset the markups/markdowns. EXERCISE 9-24 1/1/10 is the base year, so the cost index is 1.00 for the beginning layer. 9-1...
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- Spring '10