Boulevard Home Furnishings had the following balances and transactions during 2018. 10 units at $72 Beginning Inventory Purchased 20 units at $84 June 10 December 30 Sold 20 units Replacement cost $86 December 31 The company maintains its records of inventory on a perpetual basis using the FIFO inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2018 using the lower - of - cost - or - market rule. O A. $860 O B. $1,720 O C. $2,580 O D. $840