Cumberland Fur Inc. began 2021 with $110,000 of merchandise inventory on hand. During 2021, Cumberland purchased $520,000 in merchandise on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Cumberland paid freight charges of $9,000. Merchandise with an invoice amount of $3,600 was returned for credit. Cost of goods sold for the year was $368,000. Cumberland uses a perpetual inventory system and the gross method to record purchases. What is Cumberland's ending inventory?