30) Williams Inc. had the following balances and transactions during 2014:

Beginning Inventory 20 units at $70 June 10 Purchased 30 units at $80 December 30 Sold 15 units December 31 Replacement cost $60

The company maintains its records of inventory on a perpetual basis using the first-in, first-out method. Calculate the amount of ending Merchandise Inventory on December 31, 2014 using the lower-of-cost-or-market rule. 30) ______ A) $2,450 B) $1,800 C) $2,100 D) $1,400