sharon joined a team that was responsible for boosting sales on last year’s electronic models. the team began in january and was scheduled to run until may, meeting once a week. the team consisted of four women, all with marketing and sales background. when the group first met, they learned they had much in common, outside of work. now, the majority of time each meeting was spent talking about spouses, children, shopping, and hobbies. at the first meeting in march, one of the four said, "you know, we have to have a presentation ready in less than two month." that seems to set everyone in motion. the group quickly divided responsibilities and set to work. the presentation was a success. this scenario describes

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 $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.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.a& b. cost of goods avaliable for sale? ending inventory?