| Lewis Incorporated and Clark Enterprises report the following amounts for 2012. |
| |
Lewis |
Clark |
| Inventory (beginning) |
$ 14,000 |
$ 40,600 |
| Inventory (ending) |
6,600 |
49,900 |
| Purchases |
126,000 |
157,000 |
| Purchase returns |
3,000 |
48,900 |
12. Award:0 out of 10.00 points
Show correct answer
| Required: |
| 1. |
Calculate cost of goods sold for each company. (Omit the "$" sign in your response.) |
| |
Cost of Goods Sold |
| Lewis |
mce_markernbsp;n/r |
| Clark |
mce_markernbsp;n/r |