Cinnamon Buns Co. (CBC) started 2021 with $53,100 of merchandise on hand. During 2021, $288,000 in merchandise was purchased on account with credit terms of 3/10 n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $10,700. Merchandise with an invoice amount of $2,800 was returned for credit. Cost of goods sold for the year was $315,000. CBC uses a perpetual inventory system. What is cost of goods available for sale, assuming CBC uses the gross method?

• $340,444.

• $319,044.

• $351,800.

• $349,000.