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 60 units

June 10 Purchased 200 units at $ 85

October 30. Sold 160 units

What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the firstminusin, firstminusout inventory costing method are used?

a. 17,000

b. 6,800

c. 4,920

d.8,200