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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 15,850

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 15,850 14,235
August 15,300 12,780
September 13,300 11,380
October 17,300 14,240
November 16,600 13,492
December 13,900 11,362

If Hagler expects to incur 15,800 machine hours in January, what will be the estimated total production cost using the high-low method?

$13,820.00

$15,557.73

$13,130.00

$13,160.00

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