Nichols Company had the following balances and transactions during 2018 Beginning Merchandise Inwentory 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 Cost of Goods Sold on the Income Statement for the period W the perpetual inventory to and the first first-out inventory costing method are used