During its first year of operations, the McCormick Company incurred the following manufacturing costs:

Direct materials

Direct labor

$ $4$ per unit

Variable overhead

$ $3$ per unit

Fixed overhead

$ $3$ per unit

$$342,000$ per year

The company produced $38,000$ units, and sold $29,500$ units, leaving $8,500$ units in inventory at year$-$end. What is the value of ending inventory under variable costing?