Alvin Inc. planned and actually manufactured 200,000 units of its single product in 2000, its first year of operations. Variable manufacturing costs were $30 per unit of product. Planned and actual fixed manufacturing costs were $600,000, and marketing and administrative costs totaled S400,000 in 2000. MNO sold 120,000 units of product in 2000 at a selling price of $40 per unit. The cost of the ending inventory assuming variable costing would be $