Franco.Corporation's variable costing income statement for April follows : Franco Corporation. Income Statement For the month ended April 30, 2020 Sales (40,000 ) P 1,200,000 Variable Expenses Vanable Cost of Goods Sold- Beginning Inventory (8,000). P. 144.000 Add: Cost of Goods Manufactured 630.000 Goods Available for Sale 774.000 Less., Ending Inventory (3,000 units) 54.000 Variable Cost of goods Sold 720,000 Vanable expenses. 160.000 880 000 Contribution margin 320 000 Less Fixed Expenses Manufacturing P 140,000 Selling and Administrative 35,000 175.000 P 145 000 Net Operating Income During November, 35,000 units were manufactured Vanable production costs have remained constant on a per unit basis over the past several months The carrying value on the balance sheet of Franco's ending inventory under absorption costing would be