Delaware Retail Company had the following balances and transactions during 2019. Beginning Inventory 20 units at $70 June 10 Purchased 40 units at $83 December 30 Sold 30 units December 31 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.