A company produces a single product. The company's variable costing income statement for November appears below: Income Statement For the Month ended November 30 Sales ($21 per unit) Variable expenses: Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: Manufacturing Selling and administrative Total fixed expenses Net operating income $889,980 550,940 127,140 678,080 211,900 141,640 35,410 177,050 34,850 During November, 35,410 units were produced and 9,900 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months. The value of the company's inventory on November 30 under absorption costing would be: $