Biff Enterprises, Inc. reports the following information:

	2009	2010	2011
Units sold	20,000	20,000	20,000
Units produced	20,000	24,000	16,000
Fixed production costs	$1,200,000	$1,200,000	$1,200,000
Variable production costs per unit	$ 200	$ 200	$ 200
Selling price per unit	$ 400	$ 400	$ 400
Fixed selling and administrative expenses	$ 400,000	$ 400,000	$ 400,000

Calculate the value of the ending inventory using both absorption costing and variable costing.