Question 19 A Company had the following balances and transactions during 2019. Beginning Inventory June 10 December 30 December 31 120 units at $70 Purchased 40 units at $83 Sold 30 units Replacement cost $60 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. 0 $2400 $1800 O $2490 $3600