n. 8 6 Cinnamon Buns Co. (CBC) started 2018 with $53,400 of merchandise on hand. During 2018, $296,000 in merchandise was purchased on account with credit terms of 210 n/30. All discounts were taken Purchases were all made fo b. shipping point. CBC paid freight charges of $9,800. Merchandise with an invoice amount of $2.300 was returned for credit. Cost of goods sold for the year was $312.000. CBC perpetual inventory system. 0251Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $44,900 $39.026 $29.226 Type here to search