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Nichols , Inc. had the following balances and transactions during 2 0 2 4 : Beginning Merchandise Inventory as of January 1 , 2 0

Nichols, Inc. had the following balances and transactions during2024:
Beginning Merchandise Inventory as of January1,2024
100 units at $ 82
March 10
Sold 70 units
June 10
Purchased 200 units at $ 85
October 30
Sold 170 units
What would be reported for Ending Merchandise Inventory on the balance sheet at December31,2024 if the perpetual inventory system and the firstminusin, firstminusout inventory costing method are used?
Question content area bottom
Part 1
A.$ 17 comma 000
$ 17 comma 000
B.$ 8 comma 200
$ 8 comma 200
C.$ 5 comma 740
$ 5 comma 740
D.$ 5 comma 100
$ 5 comma 100

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