Northwest Fur Co. started 2021 with $105,000 of merchandise inventory on hand. During 2021,$450,000 in merchandise was purchased on occount 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 $8,600. Merchandise with an invoice amount of $3,500 was returned for credit. Cost of goods sold for the year was $378,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $173,170 $185,600 $173,110