3 Northwest Fur Company started 2024 with $111,000 of inventory on hand. During 2024, $580,000 in inventory was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $8,600. Inventory with an invoice amount of $4,100 was returned for credit. Cost of goods sold for the year was $373,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $326,600 $310,982 $322,500 $310,922