Nichols, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 300 units at $82 March 10 June 10 October 30 Sold 50 units Purchased 600 units at $85 Sold 350 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the first-in, first-out inventory costing method are used? A. $42,500 OB. $51,000 OC. $4,100 OD. $24,600