Northwest Fur Co. started 2021 with $97,000 of merchandise inventory on hand. During 2021, $540,000 in merchandise was purchased on account with credit terms of 3/15, 1/45. All discounts were taken. Purchases were all made fob shipping point. Northwest pald freight charges of $8.900 Merchandise with an invoice amount of $3,400 was returned for credit. Cost of goods sold for the year was $371,000 Northwest uses a perpetual Inventory system What is ending Inventory assuming Northwest uses the gross method to record purchases? Multiple Choice 5271.500 $255,342 $255,402 O $274,900