Northwest Fur Company started $2024$ with $$94,000$ of inventory on hand. During $2024,$ $$400,000$ in inventory was purchased on account with credit terms of $115/$

$,$ n$45/$

$.$ All discounts were taken. Purchases were all made f$.$o$.$b$.$ shipping point. Northwest paid freight charges of $$7,500.$ Inventory with an invoice amount of $$5,000$ was returned for credit. Cost of goods sold for the year was $$380,000.$ Northwest uses a perpetual inventory system.

What is ending inventory assuming Northwest uses the gross method to record purchases?