ABC Co, Ltd. sells only one product. At the beginning of the year, ABC. Co. had 12000 units of inventory at $ 5 per unit. During the year, ABC Co. Ltd. purchased 63000 units of product at $ 10 per unit. During the year ABC. Co. Ltd. sold 31000 of product at $ 24 per unit. How much is the total value of inventory at the end of the year if ABC. Co. Ltd. uses the FIFO method of inventory valuation in a periodic system?