Northwest Fur Company started 2024 with $97,000 of inventory on hand. During 2024,$470,000 in inventory was purchased on account with credit terms of 4/15, 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 $4,100 was returned for credit. Cost of goods sold for the year was $376,000. 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 $570,400 $578,300 $551,600 \$551,764