Northwest Fur Co. started 2021 with $111.000 of merchandise inventory on hand. During 2021, $590,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Purchases were all made fob shipping point. Northwest paid freight charges of $8,200. Merchandise with an invoice amount of $4,500 was returned for credit. Cost of goods sold for the year was $366,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $338,700. $332,845 $343,200 $332,785