The Lothridge Wholesale Beverage Company purchases soft drinks from producers and then sells them to retailers. The company began the year with inventory of $$120,000$ on hand. During the year, additional inventory transactions include:

Purchases of inventory on account totaled                         $$620,000,$      with terms $2/10,$ n$/30$

Freight charges paid by Lothridge were                               $$16,000$

Inventory with a cost of $$20,000$ was returned to suppliers for credit.

All purchases on account were paid within the discount period

Sales on account totaled $$830,000$

Inventory remaining on hand at the end of the year totaled $$174,000$

The above transactions are recorded in summary form according to the periodic inventory systems using the gross method. What is the cost of goods available for sale for the year?