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.

Jills Dress Shop had a beginning balance in its inventory account of $40,500. During the accounting period Jills purchased $76,500 of inventory, returned $5,100 of inventory, and obtained $760 of purchases discounts. Jills incurred $1,020 of transportation-in cost and $610 of transportation-out cost. Salaries of sales personnel amounted to $31,500. Administrative expenses amounted to $36,100. Cost of goods sold amounted to $83,300.

b.	Kens Bait Shop had a beginning balance in its inventory account of $8,200. During the accounting period Kens purchased $37,700 of inventory, obtained $1,220 of purchases allowances, and received $370 of purchases discounts. Sales discounts amounted to $650. Kens incurred $920 of transportation-in cost and $270 of transportation-out cost. Selling and administrative cost amounted to $12,400. Cost of goods sold amounted to $34,100.