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Business, 04.12.2019 02:31 amclinger4734

Northwest fur co. started the year with $94,000 of merchandise inventory on hand. during the year, $400,000 in merchandise was purchased on account with credit terms of 1/15, n/45. all discounts were taken. northwest paid freight-in charges of $7,500. merchandise with an invoice amount of $5,000 was returned for credit. cost of goods sold for the year was $380,000. what is ending inventory? a. $112490. b. $112,550. c. $116,500. d. $120,300.

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