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Saved of 4 Required information [The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the following amounts for

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Saved of 4 Required information [The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending). bok ht Purchases Purchase returns Lewis $ 17,000 11,000 160,200 8,000 Clark $ 43,000 53,000 173,400 53,000 ences Required: 1. Calculate cost of goods sold for each company. Beginning inventory Lewis Clark < Prev LO 5 6 7 8 of 12

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