27) Nichols Company had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 300 units at $82 March 10 Sold 70 units June 10 Purchased 600 units at $85 October 30 Sold 370 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the first-in, first-out inventory costing method are used? A) $51,000 B) $5740 C) $39,100 D) $24,600