Cinnamon Buns Co. (CBC) started 2018 with $53,000 of merchandise on hand. During 2018, $292,000 in merchandise was purchased on account with credit terms of 2/10 n/30. All discounts were taken. Purchases were all made fob shipping point CBC paid freight charges of $10.900. Merchandise with an invoice amount of $2,700 was returned for credit. Cost of goods sold for the year was $297,000. CBC uses a perpetual inventory system Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $50,360. O $56.200 O O