Canarie Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are:
Direct material		$4.00
Direct labor		4.00
Variable manufacturing overhead		3.00
Total variable manufacturing costs per unit		$11.00
Fixed manufacturing overhead per year		$233,550

In addition, the company has fixed selling and administrative costs of $162,400 per year. During the year, Canarie produces 51,900 snow shovels and sells 46,500 snow shovels.

What is the value of ending inventory using full costing?

$