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

Sales ($10 per unit)	$979,000
Variable expenses:
Variable cost of goods sold	489,500
Variable selling expense	97,900
Total variable expenses	587,400
Contribution margin	391,600
Fixed expenses:
Fixed manufacturing overhead	193,600
Fixed selling and administrative	97,900
Total fixed expenses	291,500
Net operating income	$100,100

The company produced 88,000 units in May and the beginning inventory consisted of 24,000 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:

$220,220

$70,500

$56,400

$101,520