The classic book The 7 Habits of Highly Effective People by Stephen Covey has helped many business leaders work more effectively. One important principle taught by Covey is the willingness to delegate. Like many people, perhaps you think you can do the work better or more quickly than someone else. Yet delegation may be the best way for you to leverage your efforts. Covey notes that, by transferring authority to a properly trained and skilled person, you can focus on the work that best utilizes your time and energy. Nonetheless, many business leaders find it difficult to transfer responsibility, even temporarily, to others. Suppose you are a manager at an advertising agency whots eager to utilize. Covey's advice about delegation. Today, you need to work on a a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Beatrice. You make sure that Beatrice has sufficient to prepare the status report.

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?