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a. Jill’s Dress Shop had a beginning balance in its inventory account of $40,500. During the...

a. Jill’s Dress Shop had a beginning balance in its inventory account of $40,500. During the accounting period, Jill’s purchased $76,500 of inventory, returned $5,100 of inventory, and obtained $760 of purchases discounts. Jill’s 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.

What is the costs of goods available for sale and ending inventory?

b. Ken’s Bait Shop had a beginning balance in its inventory account of $8,200. During the accounting period, Ken’s purchased $37,700 of inventory, obtained $1,220 of purchases allowances, and received $370 of purchases discounts. Sales discounts amounted to $650. Ken’s 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.

What is the costs of goods available for sale and ending inventory?

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