DeAnne Company produces a single product. The company's variable costing income statement for August appears below:

DeAnne Company Income statement For the month ended August 31
Sales ($25 per unit)	$1,400,000
Variable expenses:
Variable cost of goods sold	504,000
Variable selling expense	112,000
Total variable expenses	616,000
Contribution margin	784,000
Fixed expenses:
Fixed manufacturing	153,000
Fixed selling and administrative	51,000
Total fixed expenses	204,000
Net operating income	$580,000

The company produced 51,000 units in August 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 August 31 under the absorption costing method is (Do not round your intermediate calculations.):

	$228,000
	$266,000
	$171,000
	$283,304