Cinnamon Buns Co. (CBC) started 2021 with $53,800 of merchandise on hand. During 2021, $295,000 in merchandise was purchased on account with credit terms of 3/10 n/30. All discounts were taken. Purchases were all made fo.b. shipping point. CBC paid freight charges of $10,100. Merchandise with an invoice amount of $3,800 was returned for credit. Cost of goods sold for the year was $302,000. CBC uses a perpetual inventory system. Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $53,100. O $44,364. O $44,250. O $34.264