During its first year of operations, Stone corporation manufactured $10,000 units of inventory. Of these unites, 4,000 were sold to customers. The costs incurred by Stone during the year are shown below:

DL per unit $ 1.50

DM per unit 3.00

Total Fixed OH 18,000

Total fixed selling 6,000

Variable OH per unit 2.00

Variable selling per unit 0.50

What is the value of the inventory at the end of the first year using absorption costing?