Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory June 10 December 30 40 units at $70 Purchased 80 units at $73 Sold 73 units 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, 2025 using the lower-of-cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A. $3,431 B. $3,525 C. $3,311 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, 2025 using the lower-of-cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) YU, TUT B. $3,525 C. $3,311 D. $2,800