a Ch. 8 Assessment le ch 8 Practice Probl Help Save a hwest Fur Co. started 2018 with $94,000 of merchandise inventory on hand. During 2018, $400,000 in merchandise was purchased on e all made tob. shipping point petual Inwentory system with crede terms of 1T5, n/45 All discounts were taken Purchases Northwest paid freight charges of $7,.500. Merchandise with an nvoice amount of $5,000 was returned for credit Cost of goods sold for the year was $380,000 Northwest uses a