MC Qu.36 Cinnamon Buns Co.(CBC) started 2018... Cinnamon Buns Co. (CBC) started 2018 with $52,600 of merchandise on hand. During 2018, $294,000 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.shipping point CBC paid freight charges of $9,900. Merchandise with an invoice amount of $3,800 was returned for credit. Cost of goods sold for the year was $305,000. CBC uses a perpetual inventory system Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $47700. $41,820