Crystal Corporation producese 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) $838,000 Variable expenses: Variable cost of goods sold 419,000 Variable selling expense 83,800 Total variable expenses 502.800 Contribution margin 335,200 Fixed expenses Fixed manufacturing overhead 144,400 83.800 Fixed selling and administrative Total fixed expenses 228.200 $107,000 Net operating income The company produced 76,000 units in May and the beginning inventory consisted of 18,000 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: PAGEA