Northwest Fur Co. started 2021 with $97,000 of merchandise Inventory on hand. During 2021, $440,000 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 $9,100. Merchandise with an invoice amount of $3,900 was returned for credit. Cost of goods sold for the year was $361.000. Northwest uses a perpetual inventory system What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $185,100. $172,478 $181.200 $172,418