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.)

1. Jills Dress Shop had a beginning balance in its inventory account of $51,000. During the accounting period, Jills purchased $108,000 of inventory, returned $7,200 of inventory, and obtained $970 of purchases discounts. Jills incurred $1,440 of transportation-in cost and $820 of transportation-out cost. Salaries of sales personnel amounted to $42,000. Administrative expenses amounted to $46,600. Cost of goods sold amounted to $104,300.
2. Kens Bait Shop had a beginning balance in its inventory account of $12,400. During the accounting period, Kens purchased $54,500 of inventory, obtained $1,640 of purchases allowances, and received $580 of purchases discounts. Sales discounts amounted to $860. Kens incurred $1,340 of transportation-in cost and $480 of transportation-out cost. Selling and administrative cost amounted to $14,500. Cost of goods sold amounted to $38,300.