Northwest Fur Co. started 2021 with $100,000 of merchandise inventory on hand. During 2021, $470,000 in merchandise was purchased on account with credit terms of 3/15, n/45. All discounts were taken. Purchases were all made fo.b. shipping point. Northwest paid freight charges of $9,300. Merchandise with an invoice amount of $4,700 was returned for credit. Cost of goods sold for the year was $375,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $185,581. $199,600. $204,300. $185.641