Coca-Cola started 2021 with $107,000 of merchandise inventory on hand. - During 2021, $470,000 in merchandise was purchased on account with credit terms of 3/15, n/45. Coca-Cola paid in full within 15 days of the purchase date. - Purchases were all made f.o.b. shipping point. Coca-Cola paid freight charges of $9,400. - Cost of goods sold for the year was $365,000. Coca-Cola uses a perpetual inventory system. What is ending inventory assuming Coca-Cola uses the gross method to record purchases?