Northwest Fur Co. started the year with $94,000 of merchandise inventory on hand. During the year, $415,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Northwest paid freight-in charges of $8,000. Merchandise with an invoice amount of $4,700 was returned for credit. Cost of goods sold for the year was $373,000. What is ending inventory?
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