For each of the following cases determine the ending balance in the Inventory account. $($Hint First, determine the total cost of

Inventory avallable for sale. Next, subtract the cost of the inventory sold to arrive at the ending balance.$)$

Required

a$.$ Jill's Dress Shop had a beginning balance in its inventory account of $$52500.$ During the accounting perlod. Jill's purchased

$$112,500$ of inventory, returned $$7,500$ of inventory, and obtained $$1,000$ of purchases discounts. Jill's incurred $$1,500$ of

transportation$-$in cost and $$850$ of transportation$-$out cost. Salarles of sales personnel amounted to $$43,500.$ Administrative

expenses amounted to $$48,100.$ Cost of goods sold amounted to $$107,300.$

b$.$ Ken's Bait Shop had a beginning balance in Its Inventory account of $$13,000.$ During the accounting period, Ken's purchased

$$56,900$ of Inventory, obtained $$1,700$ of purchases allowances, and recelved $$610$ of purchases discounts. Sales discounts

amounted to $$890.$ Ken's incurred $$1,400$ of transportation$-$In cost and $$510$ of transportation$-$out cost. Selling and administrative

cost amounted to $$14,800.$ Cost of goods sold amounted to $$38,900.$