Harding Systems, Inc. uses a periodic inventory system. The purchases of a particular product during the year are shown below Jan. 1 Beginning inventory Feb. 7 Purchase July 10 Purchase Nov. 25 Purchase Total 1,100units @$ 7.25 $ 7,975 1,450units @$ 7.50 10,875 1,600units @$ 8.00 12,800 1,000units @ $ 8.50 8,500 5,150 $ 40,150 At December 31 the ending inventory consisted of 1,500 units. Compute the cost of the ending inventory based on the average-cost method of inventory valuation. (Round your final answer to the nearest dollar value.) Select one: A.$14,512 B.$11,694 C.$28,450 D.$29,560