DeAnne Company produces a single product. The company's variable costing income statement for August appears below: DeAnne Company Income Staement For the month ended August 31 Sales ($16 per unit) $ 665,600 Variable expenses: Variable cost of goods sold 332,800 Variable selling expense 124,800 Total variable expenses 457,600 Contribution margin 208,000 Fixed expenses: Fixed manufacturing overhead 106,950 Fixed selling and administrative 71,300 Total fixed expenses 178,250 Net operating income $ 29,750 The company produced 35,650 units in August and the beginning inventory consisted of 8,710 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 August 31 under absorption costing would be: $22,080 $38,640 $30,360 $43,640