At the end of last yeac Games-2. Use had merchandise costing $330.000 in inventory. During January of the current year, the company purchased motchandise costing $260,000, and sold mierchandise that in had purchased at a total cost of $276,000. Games-2-Use uses a perpetual inventory system. The bolance in the inventory occount at January 3 t was: Muntiche Chaice $500,000 $174.000 50,000 $716000