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Exercise 6-15 Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory ( The following information applies to the questions displayed

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Exercise 6-15 Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory ( The following information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year Clark 55,000 65,000 177,000 65,000 Lewis Inventory (beginning) Inventory (ending) Purchases Purchase returns s 29,000 23,000 339.000 20.000

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