13 Help Multiple Choice Save & Exit Northwest Fur Company started 2024 with $114,000 of inventory on hand. During 2024, $520,000 in inventory was purchased on account with credit terms of 2/15/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $8,700. Inventory with an invoice amount of $4,600 was returned for credit. Cost of goods sold for the year was $364,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? S

Northwest Fur Company started 2024 with $114,000 of inventory on hand. During 2024,$520,000 in inventory was purchased on account with credit terms of 2/15,m/4. All discounts were taken. Puechases were all made tob. shipping point. Northwest pald freight charges of $8,700. Inventory with an invoice amount of $4,600 was refurned for credit. Cost of goods sold for the year was $364,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases