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

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The following information applies to the questions displayed below.J Lewis Incorporated and Clark Enterprises report the following amounts for the year Clark Inventory (beginning) Inventory (ending) 28.000 $ 54.000 22,000 64000 197,900 64,000 323,000 Purchase returns 19.000 value 7.69 points Required: 1. Calculate cost of goods sold for each company Clark Beginning inventory Cost of goods available for sale Cost of goods sold Hints References eBook & Resources hint

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