Or pls pUS Smart Phones, Inc. had the following balances and transactions during 2019 Beginning Inventory June 10 40 units at $70 Purchased 120 units at $74 Sold 114 units December 30 December 31 Replacement cost $77 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, 2019 using the lower-of- cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar) O A. $3,404 O B. $2,800 O C. $3,542 D. $3,244 nri Click to select your answer a search