Northwest Fur Co. started the year with $94,000 of menthas dise inventory on hand. During the yeas, Problem 3: Purchase discounts (4 noints) $400,000 in merchandise was purchased on account with eredit terms of 1/15,n/45. All discounts wiere taken. Northwest paid freight-in charges of $7,500. Merchandise with an invoice amount of $5,000 what is ending inventory? retumed for credit. Cost of goods sold for the year was 5380,000 . Whas