A company uses the FIFO method for inventory valuation. The following information is available for Product X:

• Beginning inventory: 500 units at $10 per unit
• Purchases during the period:
  • 1,000 units at $12 per unit
  • 800 units at $14 per unit
• Sales during the period: 1,200 units

Calculate the cost of goods sold, ending inventory value, and gross profit using FIFO.