A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. It had ending inventories as follows: Direct Materials, $400; Work-in-Process, $600; Finished Goods, $800. Material Purchases (net including freight) were $1,550, Direct Labor $1,650, and Manufacturing Overhead $1,750. What is the Cost of Goods Sold for the period?

$4,650.

$4,550.

$4,750.

$4,850.