Nichols Company had the following balances and transactions during? 2018:

Beginning Merchandise Inventory as of January? 1, 2018	300 units at $80
March 10	Sold 80 units
June 10	Purchased 600 units at $84
October 30	Sold 380 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.

$50,400

B.

$36,960

C.

$6,400

D.

$24,000