EX 5.4. Xenoc, Inc., produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory.

Costs involved in production are:

Cost involved in production are:
Direct Material	$150
Direct Labor	200
Variable manufacturing overhead	100
Total variable manufacturing costs per unit	$450
Fixed manufacturing overhead per year	$600,000
In addition, the company has fixed selling and administrative costs:
Fixed selling costs per year	$210,000
Fixed administrative costs per year	$110,00

During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs.

Required

What is the value of ending inventory using full costing?