Northwest Fur Co. started 2016 with $95,000 of merchandise inventory on hand. During 2016, $450,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made fo b shipping point. Northwest paid freight charges of $7.600. Merchandise with an invoice amount of $3,900 was returned for credit Cost of goods sold for the year was $361,000. Northwest uses perpetual inventory system What is ending inventory assuming Northwest uses the gross method to record purchases? O $191600 O $178.778 O$178718 O $187700 e here to search 3 5 6 8 9