Kason, Inc., expects to sell 26,000 pool cues for $12 each. Direct materials costs are $4, direct manufacturing labor is $6, and manufacturing overhead is $0.82 per pool cue. The following inventory levels apply to 2016:

	Beginning inventory	Ending inventory
Direct materials	27,000 units	27,000 units
work-in-process inventory	0 units	0 units
Finished goods inventory	1400 units	2700 units

On the 2016 budgeted income statement, what amount will be reported for cost of goods sold?