Paxton Ltd had 200 units of one of its products, product Z, in stock on 1 May. These had cost 12 each. On 15 May 600 units were purchased from the supplier at a unit cost of 17, followed the next week by a further 100 units costing 18. The only sale made in the month occurred on 25 May, when 500 units were sold for 25 each. Assuming that the company uses the LIFO method of inventory pricing, what would be the gross profit reported for the month?