Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory June 10 December 30 December 31 20 units at $75 Purchased 60 units at $78 Sold 53 units Replacement cost $81 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.) O A. $2,106 O B. $1,500 O C. $2,187 O D. $2,046