Delaware Retail, Inc. had the following balances and transactions during 2019.

Beginning Inventory	20 units at $74
June 10	Purchased 40 units at $84
December 30	Sold 30 units
December 31	Replacement cost $64

The company maintains its records of inventory on a perpetual basis using the

lastminusin,

firstminusout

inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2019 using the

lowerminusofminuscostminusorminusmarket

rule.

A.

$3,840

B.

$2,560

C.

$2,520

D.

$1,920