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 ($20 per unit) $850,000 Variable expenses: Variable cost of goods sold 510,000 Variable selling expense 85,000 Total variable expenses 595,000 Contribution margin 255,000 Fixed expenses: Manufacturing 140,120 Selling and administrative 70,060 Total fixed expenses 210,180 Net operating income $44,820 During November, 35,030 units were manufactured and 8,770 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: