Nichols, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 March 10 June 10 October 30 200 units at $82 Sold 60 units Purchased 400 units at $84 Sold 260 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. $23,520 OB. $33,600 O c. $16,400 OD. $4,920