Cinnamon Buns Co. (CBC) started 2011 with $52,700 of merchandise on hand. During 2011, $286,000 in merchandise was purchased on account with credit terms of 2/10 n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $10,800. Merchandise with an invoice amount of $2,100 was returned for credit. Cost of goods sold for the year was $314,000. CBC uses a perpetual inventory system. What is cost of goods available for sale, assuming CBC uses the gross method? a.$341,722. b.$349,500. c.$320,122. d.$347,400