Madison, Inc. had the following balances and transactions during 2017. The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2017 using the lower-of-cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)

0 units at $73 urchased 80 units at $7 Beginning Inventor June 10 December 30 December 31 Sold 14 ais ld 74 units Replacement cost $79