What would be reported for ending merchandise inventory

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Question - Nichols, Inc. had the following balances and transactions during? 2024:

Beginning Merchandise Inventory as of January? 1, 2024 300 units at $82

March 10 Sold 60 units

June 10 Purchased 600 units at $84

October 30 Sold 360 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. 50,400

B. 24,600

C. 40,320

D. 4,920

Reference no: EM133028708

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