In its first year of operation, Tiltman co. paid 7,000$. for direct raw materials and 9,500$. in direct wages. Various indirect costs for the production, e.g. license fees and electricity amounted to 6,000$. Selling and administrative expenses were 5,000$. The company produced 5,000 pcs but sold only 4,200 pcs. The average selling price was 10.0$ per piece. What was the cost of goods sold during the year (KSV (cost of goods sold))?