The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 1,450 units at $17 each on January 1. Xu purchases 1,700 units at $16 each in February and 800 units at $18 each in March. There were no additional purchases or sales during the remainder of the year. Xu sells 750 units during the quarter. If Xu uses the weighted average method, what is its cost of goods sold for the quarter? (Round your final answer to the nearest dollar amount.)

Multiple Choice

• $13,500

• $12,750

• $12,000

• $12,579