Nichols Company had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 200 units at $82 March 10 Sold 70 units June 10 Purchased 400 units at $84 October 30 Sold 270 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? O A. $16,400 OB. $5,740 O C. $21,840 OD. $33,600