Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: The company produced 64,000 units in May and the beginning inventory consisted of 12,000 units. 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: $41,580 $31,500 $170,720 $25,200