For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of inventory available for sale. Next, subtract the cost of the inventory sold to arrive at the ending balance.) a. Jill's Dress Shop had a beginning balance in its inventory account of $50,000. During the accounting period, Jill's purchased $105,000 of inventory, returned $7,000 of inventory, and obtained $950 of purchases discounts. Jill's incurred $1,400 of transportation-in cost and $800 of transportation-out cost. Salaries of sales personnel amounted to $41,000. Administrative expenses amounted to $45,600. Cost of goods sold amounted to $102,300. b. Ken's Bait Shop had a beginning balance in its inventory account of $12,000. During the accounting period, Ken's purchased $52,900 of inventory, obtained $1,600 of purchases allowances, and received $560 of purchases discounts. Sales discounts amounted to $840. Ken's incurred $1,300 of transportation-in cost and $460 of transportation-out cost. Selling and administrative cost amounted to $14,300. Cost of goods sold amounted to $37,900. Jill's Dress Shop Ken's Bait Shop Cost of goods available for sale Ending Inventory