Northwest Fur Company started 2024 with $111,000 of inventory on hand. During 2024, $520,000 in inventory was purchased on account with credit terms of 3/15,n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $8,900. Inventory with an invoice amount of $3,100 was returned for credit. Cost of goods sold for the year was $375,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $246,233 $261,800 $264,900 $246,293