Given the following information about XYZ Ltd during January 2020 (in dollars): Raw materials, January 1 1,000 Raw materials, January 31 900 Work in process, January 1 5,000 Direct labour incurred during January 500 Direct materials used during January 300 Overheads incurred during January 200 Cost of goods manufactured during January 4,500 Finished goods inventory, January 1 2,700 Finished goods inventory, January 31 1,000 Cost of goods sold during December 5,500 What is the cost of goods sold for the month ending January 31 2020? (1 mark) Note: In your answers, include numbers only. No text, no commas, no signs or symbols etc. $