Nichols, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 100 units at $82 March 10 Sold 50 units June 10 Purchased 200 units at $84 October 30 Sold 150 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. $4, 100 O B. $16,800 O C. $8,400 O D. $8,200