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 (522 per unit) $932,800 Variable expenses: Variable cost of goods sold 593,600 Variable selling expense 127,200 Total variable expenses 720,800 Contribution margin 212,000. 105,180 70,120 175,300 $36,700 Fixed expenses: Manufacturing Selling and administrative Total fixed expenses Net operating income During November, 35,060 units were manufactured and 8,360 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: