Northwest Fur Company started $2024$ with $$103,000$ of inventory on hand. During $2024,$ $$570,000$ in inventory was purchased on account with credit terms of $315/$

$,$ n$45/$

$.$ All discounts were taken. Purchases were all made f$.$o$.$b$.$ shipping point. Northwest paid freight charges of $$7,600.$ Inventory with an invoice amount of $$3,000$ was returned for credit. Cost of goods sold for the year was $$361,000.$ Northwest uses a perpetual inventory system.

Assuming Northwest uses the gross method to record purchases, what is the cost of goods available for sale?

Multiple Choice

$$682,500$

$$660,500$

$$677,600$

$$660,590$