Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation "Income Statement For the Month ended November 30 Sales ($22 per unit) $954,800 Variable expenses! Variable cost of goods sold 607,600 Variable selling expense 86,800 Total variable expenses 694,400 Contribution margin 260,400 Fixed expenses: Manufacturing 142,800 Selling and administrative 71,400 Total fixed expenses 214,200 Net operating income $ 46,200 During November, 35,700 units were manufactured and 8,370 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months. The value of the company's inventory on November 30 under absorption costing would be: Multiple Choice O $9,380 O $13,400 O $12,060 O $18,400