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LAIL Northwest Fur Co. started the year with $98,000 of merchandise inventory on hand. During the year, $430,000 in merchandise was purchased on account with

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LAIL Northwest Fur Co. started the year with $98,000 of merchandise inventory on hand. During the year, $430,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Northwest paid freight-in charges of $7,000. Merchandise with an invoice amount of $4,800 was returned for credit. Cost of goods sold for the year was $379,000. What is ending inventory

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