Carr Company produces a single product. Last year, Carr manufactured 33,110 units and sold 27,600 units. Production costs for the year were as follows:

Fixed manufacturing overhead	$463,540
Variable manufacturing overhead	$294,679
Direct labor	$175,483
Direct materials	$248,325

Sales were $1,242,000, for the year, variable selling and administrative expenses were $140,760, and fixed selling and administrative expenses were $221,837. There was no beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.)

$258,207

$196,707

$224,207

$266,707