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Calculate cost of goods sold for company

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Lewis Incorporated and Clark Enterprises report the following amounts for the year

                                                                               Lewis                        Clark

Inventory (beginning)                                               $26,000                 $52,000

Inventory (ending)                                                    20,000                    62,000

Purchases                                                                291,600                   254,400

Purchase returns                                                      17,000                       62,000

Calculate cost of goods sold for each company

Reference no: EM133205594

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