The following units of an inventory item were available for sale during the year:

 

Beginning inventory                                          5 units at $230 = $1,150

First purchase                                                 20 units at $232 = $4,640

 

Second purchase                                            25 units at $234 = $5,850

 

Third purchase                                                  5 units at $235 = $1,175

 

                                     Available for sale      55                         $12,815

The company uses the periodic inventory system.  There are 15 units in the physical inventory at the end of the year.

The cost of the merchandise sold for the year using FIFO is?