Northwest Fur Co. started the year with $97,000 of merchandise inventory on hand. During the year, $425,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Northwest paid freight-in charges of $8,000. Merchandise with an invoice amount of $4,900 was returned for credit. Cost of goods sold for the year was $375,000. What is ending inventory? Multiple Choice $150,100. $145,899. $152,894 $50,000