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help?!? its a 4 part question H UHUHTY HURTFOLUIT OPIES LU ule queSUIS UISMOYEU VEUW. Lewis Incorporated and Clark Enterprises report the following amounts for
help?!?
its a 4 part question
H UHUHTY HURTFOLUIT OPIES LU ule queSUIS UISMOYEU VEUW. Lewis Incorporated and Clark Enterprises report the following amounts for the year. Part 1 of 4 Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 28,000 22,000 323,000 19,000 Clark $ 54,000 64,000 197,900 64,000 10 points 8 04:29:54 eBook Required: 1. Calculate cost of goods sold for each company. Hint Print Lewis Clark Beginning inventory References Cost of goods available for sale Cost of goods sold Required information The following information applies to the questions displayed below.) Part 2 of 4 Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis $ 28,000 22,000 323,000 19,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns Clark $ 54,000 64,000 197,900 64,000 points % 04:29:32 eBook Hint 2. Calculate the inventory turnover ratio for each company. Print References Inventory Turnover Ratio Lewis Clark Required information The following information applies to the questions displayed below.] Part 3 of 4 Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns points Lewis $ 28,000 22,000 323,000 19,000 Clark $ 54,000 64,000 197,900 64,000 042005 eBook Hint 3. Calculate the average days in inventory for each company. (Round your intermediate calculations puit References Average Days in Inventory Lewis days Clark days Required information (The following information applies to the questions displayed below.) Part 4 of 4 Lewis Incorporated and Clark Enterprises report the following amounts for the year. points 8 04:28:47 Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 28,000 22,000 323,000 19,000 Clark $ 54,000 64,000 197,900 64,000 eBook Hint Print 4. Which company appears to be managing its inventory more efficiently? References Lewis Incorporated Clark Enterprises Step by Step Solution
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