Exercise 6-15 Calculate cost of goods sold, the inventory turnover ratio, and average days in in [The following information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year $ 23.000 $ 49,000 59,000 246,000 225600 14,00059.000 Inventory (beginning) Inventory (ending 17000 Purchase returns References Exercise 6-15 Calculate cost of goods sold, the inventor turnover ratio, and average days in inventor Section Break (L06-2, 6-7) value 125 points Exercise 6-15 Part 1 Required 1. Calculate cost of goods sold for each company Clark S 23000S49,000 225,600 Beginning inventory 246,000 14000 Add Purchases Less: Purchase returns Cost of goods available for sale Cost of goods sold