Processing costing: Cost flows (LO 2)
Fill in the missing data (ignore indirect materials).

Raw Materials WIP - Mixing WIP - Assembly
Inventory
Beginning Balance $ 4,000 $6,000 $10,000
Material purchased 10,000
Direct material used 12,000 10,000 (c)
Conversion costs incurred 8,000 3,000
Completed units transferred 21,000 (d) (e)
Cost of goods sold
Ending balance (a) (b) $3,000

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?