Murphy, Inc. had the following balances and transactions during 2017 Beginning Inventory June 10 December 30 December 31 10 units at $72 Purchased 20 units at $95 Sold 15 units Replacement cost $67 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