The following information for Year 2 is taken from the accounts of Tuttle Company. The company uses the periodic inventory system.

Inventory, December 31, Year 1	$ 8,800
Purchases	40,800
Purchase returns and allowances	680
Purchase discounts	480
Freight on goods purchased under terms FOB shipping point	1,680
Freight on goods sold under terms FOB destination	880
Cost of goods sold	29,200

Based on this information, what is the inventory at December 31, Year 2?

Multiple Choice

• $12,280

• $19,240

• $28,320

• $20,920