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please answer all parts of this question Required information [The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the
please answer all parts of this question
Required information [The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark $ 19,000 Inventory (beginning) Inventory (ending) 45,000 13,000 188,000 10,000 55,000 190,000 55,000 Purchases Purchase returns Required: 1. Calculate cost of goods sold for each company Clark Lewis Beginning inventory Cost of goods available for sale Cost of goods sold Required: 1. Calculate cost of goods sold for each company Clark Lewis Beginning inventory Cost of goods available for sale Cost of goods sold 4. Which company appears to be managing its inventory more efficiently? Lewis Incorporated Clark Enterprises
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