Mosher, Inc. had the following balances and transactions during 2017: What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2017 if the perpetual inventory system and the first- in, first-out inventory costing method are used? Supporting Materials Beginning Merchandise Inventory as of January 1, 2017 March 10 June 10 October 30 400 units at $80 Sold 80 units Purchased 800 units at $85 Sold 480 units $6,400 $68,000 $54,400 $32,000