Multiple hoice Saved Cinnamon Buns Company (CBC) started 2024 with $53,500 of inventory on hand. During 2024, $284,000 in inventory was purchased on account with credit terms of 1/10 /30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $9,400. Inventory with an invoice amount of $3,900 was returned for credit. Cost of goods sold for the year was $310,000. CBC uses a perpetual inventory system. What is cost of goods available for sale, assuming CBC uses the gross method? " Help Save & Exit Su

Cinnamon Buns Company (CBC) started 2024 with $53,500 of inventory on hand. During 2024,$284,000 in inventory was purchased on account with credit terms of 1/10,7/30. All discounts were taken. Purchases were all made fo.b. shipping point. CBC paid freight charges of $9,400. Inventory with an invoice amount of $3,900 was returned for credit. Cost of goods sold for the year was $310,000. CBC uses a perpetual inventory system. What is cost of goods avallable for sale, assuming CBC uses the gross method