Mint corporation has several transactions with foreign entities. each transaction is denominated in the local currency unit of the country in which the foreign entity is located. on october 1, 20x8, mint purchased confectionary items from a foreign company at a price of lcu 5,000 when the direct exchange rate was 1 lcu = $1.20. the account has not been settled as of december 31, 20x8, when the exchange rate has decreased to 1 lcu = $1.10. the foreign exchange gain or loss on mint's records at year-end for this transaction will be:

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?