Williams Company had the following balances and transactions during 2014:

Begining Inventory	20 units at 70 dollars
June 10	Purchased 30 units 80 dollars
December 30	Sold 15 units
December 31	Replacement cost 60 dollars

Williams maintains its records of inventory on a perpetual basis using the first-in,first-out method.Calculate the of ending Merchandise Inventory on December31,2014 using the lower-of-cost-or-market rule.

a)2,450 dollars

b)1,800 dollars

c)1,400 dollars

d)2,100 dollars