During 2022, its first year of operations, ABC Company produced 15,000 units and sold 12,000 units. During 2023, ABC Company produced 26,000 units and sold 18,000 units. The following information was taken from ABC's accounting records for 2022 and 2023: 2022 2023 Direct materials cost per unit $8 $9 Direct labor cost per unit ... $5 $7 Variable overhead cost per unit $3 $6 Variable selling & admin cost per unit $2 $2 Fixed overhead (total cost) ...... $126,000 $169,000 Fixed selling & admin (total cost) $117,000 $117,000 Assume the selling price of ABC Company's product was $42 per unit for both years. Calculate the dollar amount of ABC Company's finished goods inventory that would appear on the December 31, 2023 balance sheet using variable costing. Assume ABC Company employs a LIFO inventory cost flow assumption.