Please help. I have found similar question here with the answer being $11,613,600 or $11,865,600. Not sure what the correct answer is. Thank you in advance!

A U.S. company's foreign subsidiary had the following amounts in stickles (S), the functional currency, in 2021: Cost of goods sold Ending inventory Beginning inventory $12,000,000 600,000 240,000 = - = The average exchange rate during 2021 was $1 = $0.96. The beginning inventory was acquired when the exchange rate was $1 = $1.20. The ending inventory was acquired when the exchange rate was $1 = $0.90. The exchange rate at December 31, 2021 was $1 = $0.84. Assuming that the foreign nation for the subsidiary had a highly inflationary economy, what is the amount of the foreign subsidiary's purchases? Multiple Choice $11,577,600. $11,613,600. $11,523,600. $11,865,600. $11,520,000