Nichols Company had the following balances and transactions during 2018: 
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) $5,740
B) $51,000
C) $39,100
D) $24,600
Correct Answer:
Verified
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