! Part 1 of 3 Required information Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (LO6-2, 6-7). [The following information applies to the questions displayed below.) 0.13 points Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis $ 24,000 18,000 261,000 15,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns Clark $ 50,000 60,000 235,000 60,000 eBook Hint Exercise 6-15A Part 1 Print Required: 1. Calculate cost of goods sold for each company. References Lewis Clark Beginning inventory Cost of goods available for sale Cost of goods sold Part 2 of 3 Required information Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (LO6-2, 6-7) (The following information applies to the questions displayed below.) 0.13 points Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis $ 24,000 18,000 261,000 15,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns Clark $ 50,000 60,000 235,000 60,000 eBook Hint Exercise 6-15A Part 2 Print 2. Calculate the inventory turnover ratio for each company. References Inventory Turnover Ratio times Lewis times Clark 34 Check my work Part 3 of 3 Required information Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (LO62, 6-7) [The following information applies to the questions displayed below.) 0.13 points Lewis Incorporated and Clark Enterprises report the following amounts for the year. eBook Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 24,800 18,000 261,800 15,000 Clark $ 50,000 60,000 235,000 60,000 Hint Exercise 6-15A Part 3 Print 3. Calculate the average days in inventory for each company. References Average Days in Inventory Lewis days