inventory available 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 $52,500 During the accounting period, will's purchased $112.500 of inventory, returned $7,500 of inventory, and obtained $1.000 of purchases discounts, Jill's incurred $1500 of transportation in cost and $850 of transportation-out cost. Salaries 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 $1700 of purchases allowances, and received 5610 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. Jill's Dress Shop Kon's Bait Shop Cost of goods available for sale Ending Inventory