Nichols, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 March 10 June 10 October 30 400 units at $80 Sold 50 units Purchased 800 units at $84 Sold 450 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 O A. $32,000 B. $4,000 O C. $58,800 O D. $67,200 Click