The inventory transactions of Green Products Inc.are shown below.

Date	Transaction	Number of Units			Unit Cost
Jan. 1	Beginning inventory		500		$	5
May 15	Purchase		1,000			6
Jun. 10	Purchase		500			7
Oct. 25	Purchase		2,000			8

Units sold during the year: 3,000 What is the amount of cost of goods sold that Green Products will report in its income statement for the current year, if it uses the last-in, first-out cost method?

A) $5,500

B) $8,000

C) $20,000

D) $22,500