A U$.$S$.$ company's foreign subsidiary had the following amounts in stickles $()$ in $2021$:

Cost of goods sold $12,000,000$

Ending inventory $600,000$

Beginning inventory $240,000$

The average exchange rate during $2021$ was $1=$ $$0\mathrm{.}96.$ The beginning inventory was acquired when the exchange rate was $1=$ $$1\mathrm{.}20.$ The ending inventory was acquired when the exchange rate was $1=$ $$0\mathrm{.}90.$ The exchange rate at December $31,2021$ was $1=$ $$0\mathrm{.}84.$ Assuming that the foreign country had a highly inflationary economy, at what amount should the foreign subsidiary's cost of goods sold have been reflected in the $2021$ U$.$S$.$ dollar income statement?

Question $9$ options:

$$11,649,600.$

$$11,253,600.$

$$11,613,600.$

$$11,577,600.$

$$11,523,600.$