Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below:

Crystal Corporation Income Statement For the month ended May 31
Sales ($10 per unit)	$1,214,000
Variable expenses:
Variable cost of goods sold	607,000
Variable selling expense	121,400
Total variable expenses	728,400
Contribution margin	485,600
Fixed expenses:
Fixed manufacturing overhead	291,600
Fixed selling and administrative	121,400
Total fixed expenses	413,000
Net operating income	$72,600

The company produced 108,000 units in May and the beginning inventory consisted of 34,000units. Variable production costs per unit and total fixed costs have remained constant over the past several months. The value of the company's inventory on May 31 under absorption costing would be:

$103,000

$196,020

$82,400

$158,620