Beginning inventory of finished goods

	0
Units produced (no work in process)	22,000
Units sold	18,000
Units in ending inventory of finished goods	4,000
Sales price	$55 per unit
Variable manufacturing costs	$25 per unit manufactured
Variable selling and administrative expenses	$7 per unit sold
Fixed manufacturing costs for the year	$110,000
Fixed selling and administrative expenses for the year	$124,000

Using direct costing, the manufacturing margin is: