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) $ 854,000? Variable expenses: Variable cost of goods sold 555,100? Variable selling expense 128,100? Total variable expenses 683,200? Contribution margin 170,800? Fixed expenses: Manufacturing 105,570? Selling and administrative 35,190? Total fixed expenses 140,760? Net operating income $ 30,040? During November, 35,190 units were manufactured and 8750 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. The value of the company's inventory on November 30 under absorption costing would be:

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) Variable expenses: 854,000 555,100 128,100 Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: 170,800 Manufacturing Selling and administrative Total fixed expenses Net operating income 105,570 35,190 140,760 30,040 During November, 35,190 units were manufactured and 8750 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. The value of the company's inventory on November 30 under absorption costing would be