Nichols, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 400 units at $82 Sold 80 units March 10 June 10 October 30 Purchased 800 units at $84 Sold 480 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? A. $53,760 B. $67,200 C. $6,560 D. $32,800