Jason Retail had the following balances and transactions during 2017. Beginning Inventory 20 units at $70 June 10 Purchased 40 units at $84 December 30 Sold 25 units December 31 Replacement cost $86 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, 2017 using the lower-of-cost-or-market rule. O A. $2,940 O B. $3,010 OC. $3,440 OD. $5,160