The beginning inventory and purchases for the year of National Staplers Co. are shown below.

Date	Number of Units	Unit Cost
Jan. 1 Beg. Inventory	500	$5.50
March 1 Purchase	600	$5.00
September 1 Purchase	300	$4.75

Assume that the company sells 1,200 units during the year for $9.00 per unit. If the company uses the FIFO cost flow method, what should be the cost of goods sold amount for the year? Please put your answer in bold font. To receive credit, you must show your work.