Northwest Fur Co started the year with $99,000 of merchandise inventory on hand. During the...
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Northwest Fur Co started the year with $99,000 of merchandise inventory on hand. During the year, $435,000 in merchandise was purchased on account with credit terms of 1/5, 1/4 All discounts were taken Northwest paid freight in charges of $7000 Merchandise with an invoice amount of 14,500 was returned for credit Cost of goods sold for the year was $370,000 What is ending inventory? Multiple Choice S166,500. S16190 $162 195. $65.000
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