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Smart Phones, Inc had the following balances and transactions during 2025...

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Accounting

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Smart Phones, Inc had the following balances and transactions during 2025 . 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. $2,054 B. $1,974 C. $2,106 D. $1,500

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