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| Teaching Since: | May 2017 |
| Last Sign in: | 286 Weeks Ago |
| Questions Answered: | 27237 |
| Tutorials Posted: | 27372 |
MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
| Lewis Incorporated and Clark Enterprises report the following amounts for 2012. |
Â
| Â | Lewis | Clark |
| Â Â Inventory (beginning) | $ 14,000 Â Â Â Â | $ 40,600 Â Â Â Â |
| Â Â Inventory (ending) | 6,600 Â Â Â Â | 49,900 Â Â Â Â |
| Â Â Purchases | 126,000 Â Â Â Â | 157,000 Â Â Â Â |
| Â Â Purchase returns | 3,000 Â Â Â Â | 48,900 Â Â Â Â |
Â
 12. Award:0 out of 10.00 points
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| Required: | |
| 1. | Calculate cost of goods sold for each company. (Omit the "$" sign in your response.) |
| Â | Cost of Goods Sold |
|   Lewis | $ n/r      |
|   Clark | $ n/r      |
Â
----------- Â ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------