Northwest Fur Company started the year with $94,000 of inven…

Northwest Fur Company started the year with $94,000 of inventory on hand. During the year, $490,000 in inventory was purchased on account with credit terms of , . All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $9,200. Inventory with an invoice amount of $4,400 was returned for credit. Cost of goods sold for the year was $363,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases?