Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 1,000 units of inventory that cost $11 each. At a later date during the year, the company purchased an additional 1,400 units of inventory that cost $12 each. Vargas sold 1,100 units of inventory for $15. What is the amount of cost of goods sold that will appear on the current years income statement?