Northwest Fur Co. started 2021 with $99,000 of merchandise Inventory on hand. During 2021, $500,000 in merchandise was purchased on account with credit terms of 2/5, 1/45. All discounts were taken. Purchases were all made to shipping point. Northwest pald freight charges of $8.300. Merchandise with an involce amount of $3,700 was returned for credit. Cost of goods sold for the year was $372,000. Northwest uses a perpetual Inventory system Assuming Northwest uses the gross method to record purchases, what is the cost of goods avaliable for sale? Multiple Choice $593,500 $593,674 5600,700 Prov 25 Next >