MC Qu. 37 Cinnamon Buns Co. (CBC) started... Cinnamon Buns Co. (CBC) started 2018 with $52,600 of merchandise on hand. During 2018, $289,000 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. shipplng point. CBC pald freight charges of $9,600. Merchandlse with an Invoice amount of $3,900 was returned for credit. Cost of goods sold for the year was $307,000. CBC uses a perpetual Inventory system What Is cost of goods avallable for sale, assuming CBC uses the gross method? Multiple Choice $347,300 $351,200. $341,598. $322,398