During 2021, its first year of operations, XYZ Company produced 25,000 units and sold 19,000 units. During 2022, XYZ Company produced 30,000 units and sold 32,000 units. The following information was taken from XYZ's accounting records for 2021 and 2022: 2022 $17 $21 2021 $18 $16 $7 $4 $105,000 $88,000 Direct materials cost per unit ........... Direct labor cost per unit ............... Variable overhead cost per unit ........... Variable selling & admin cost per unit .... Fixed overhead (total cost) ........... Fixed selling & admin (total cost) ........ $9 $6 $144,000 $96,000 Assume the selling price of XYZ Company's product was $64 per unit for both years. Calculate the dollar amount of XYZ Company's finished goods inventory that would appear on the December 31, 2021 balance sheet using absorption costing