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 $52,500. During the accounting period, 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. 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 $8,000. During the accounting period, Ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. Sales discounts amounted to $640. Ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. Selling and administrative cost amounted to $12,300. Cost of goods sold amounted to $33,900.