During its first year of operations, the FCC Company incurred the following manufacturing costs: Direct materials, $15 per unit, Direct labor, $3 per unit, Variable overhead, $28 per unit, and Fixed overhead, $105,000. The company produced 21,000 units, and sold 15,500 units, leaving 5,500 units in inventory at year-end. What is the value of ending inventory under absorption costing (round your final answer to the nearest whole dollar, i.e. 104.735 would be 105)