Northwest Fur Co. started 2021 with $107,000 of merchandise inventory on hand. During 2021, $570,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $9,300. Merchandise with an invoice amount of $4,900 was returned for credit. Cost of goods sold for the year was $379,000. Northwest uses a perpetual inventory system.

What is ending inventory assuming Northwest uses the gross method to record purchases?

A. $307,300

B. $302,400

C. $291,038

D. $291,098