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An entity has 8,000 units in inventory on January 1, valued at 10 per unit. During the year, the entity sold 25,000 units and purchased inventory as follows:
.......................Quantity
Date .................Purchased .........Unit Price
April 1 ..............15,000 units...... $ 8
July 1 ...............10,000 units .........9
October 1.......... 12,500 units........ 10
If the entity uses the weighted-average method of inventory valuation, cost of goods sold for the period will be