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

Crystal Corporation Income Staement For the month ended May 31
Sales ($19 per unit)	$ 815,100
Variable expenses:
Variable cost of goods sold	429,000
Variable selling expense	128,700
Total variable expenses	557,700
Contribution margin	257,400
Fixed expenses:
Fixed manufacturing overhead	140,920
Fixed selling and administrative	70,460
Total fixed expenses	211,380
Net operating income	$ 46,020

The company produced 35,230 units in May and the beginning inventory consisted of 8,210 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: