6 136.10 Cinnamon Buns Co. (CBC) started 2021 with $52,400 of merchandise on hand. During 2021, $282.000 in merchandise was purchased on account with credit terms of 2/10 n/30. All discounts were taken. Purchases were all made fo.b. shipping point. CBC paid freight charges of $9,600 Merchandise with an invoice amount of $2.900 was returned for credit. Cost of goods sold for the year was $299,000. CBC uses a perpetual inventory system. Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $42.100. $36,460 $36.518 $26.918