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FER-8, continued On May 31 you review the selling price of the product and discover that, due to a competitor's new and less expensive product,
FER-8, continued On May 31 you review the selling price of the product and discover that, due to a competitor's new and less expensive product, you can now only sell your product for $4 each. What, if anything, should the business do and why? If an entry is required provide the entry and update the inventory control chart and the accounting records, above. Show your calculations! Calculations
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