ABC Corp. had the following inventory transactions for the month of December 20X5:

Date	Transaction type	Amount (units)	Price per unit
Dec. 1	Opening balance	400	$5.12
Dec. 3	Purchase	1,100	$5.23
Dec. 15	Purchase	900	$5.48
Dec. 22	Purchase	250	$5.66
Dec. 2	Sale	300	$6.50
Dec. 6	Sale	800	$6.50
Dec. 18	Sale	700	$8.00
Dec. 25	Sale	150	$8.00

What is the value of the inventory held by ABC as at December 31, 20X5, if the company values its inventory using the weighted average cost formula and uses a perpetual inventory system? Round all calculations to two significant decimal places, for example, $5.66 a) $3,735 b) $3,834 c) $3,881 d) $10,314