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 ($18 per unit) $781,200 Variable expenses: Variable cost of goods sold 390,600 Variable selling expense 130,200 Total variable expenses 520,800 Contribution margin 260,400 Fixed expenses: Manufacturing 143,240 Selling and administrative 71,620 Total fixed expenses 214,860 Net operating income $45,540 During November, 35,810 units were manufactured and 8,850 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: