Looking for some insight on the question below

My answer is 111,000 which isn't an actual answer computed by

Purchases         400,000

plus Freight In      6,000

less Discount        4,000  (400,000 * .01)

less Returns          ; 5,000

Net Purchases   397,000

Beginning Inventory       94,000

Plus Net Purchases       397,000

Merchandise available   491,000

less ending inventory        x

equals COGS         &n bsp;     380,000

491,000 - 380,000 = 111,000 of ending inventory

Outback Furriers started 2009 with $94,000 of merchandise inventory on hand. During 2009, $400,000 in merchandise was purchased on account with credit terms of 1/15 n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Outback paid freight charges of $6,000. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. Outback uses a perpetual inventory system.