Cinnamon Buns Co (CBC) started 2021 with $52,200 of merchandise on hand. During 2021, $291,000 in merchandise was purchased on account with credit terms of 1/10 n/30 All discounts were taken. Purchases were all made fob shipping point CBC paid freight charges of $10,200 Merchandise with an invoice amount of $2,200 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 $52,200 $49,312 *Untitled - Notepad File Edit Format View Help clicked on accident. will give thumbs up. contact 15075731791 if interested in completing freelance accounting homework, I pay well $39,112 Ln 2, Col 1 100% Windows (CRLF) UTF-8 $49.290