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The following information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Inventory (beginning) Inventory

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The following information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Inventory (beginning) Inventory (ending) Purchases Purchase returns $ 26,000 52,000 62,000 254,400 62,000 20,000 291,600 7,000

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