Hagler's Toupees has the following machine hours and production costs for the last six months of last year: Month Machine Hours Production Cost July 16,050 12,915 August 14,200 11,570 September 12,200 10,280 October 16,200 12,920 November 15,500 12,392 December 12,800 10,482 If Hagler expects to incur 14,700 machine hours in January, what will be the estimated total production cost using the high-low method? $13,278.51 $11,892.50 $11,930.00 $12,620.00