Nichols, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 400 units at $82 March 10 June 10 October 30 Sold 70 units Purchased 800 units at $84 Sold 470 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2018 in the perpetual inventory system and the first -h, first - out inventory conting method are used? O A $32,800 OB. $5,740 C. $55,440 OD 567 200