Giant Dogs, a producer of dog apparel for large canines, started production on the its Mutt Mittens fall collection. In preparing for the production run GDogs ordered 25,000 skeins of yarn at a cost of $37,000 and it purchased 16,000 mitten pads (to line the bottom of the mitten) at a cost of $.25 per liner. All 75% of the mitten pads and 1/2 the yarn was requisitioned into production to produce 9,000 individual Mutt Miffins. The process is largely automated but GDogs employees 4 production personnel at a rate of $40,000 per year. Those employees spent 1/2 their time on the Mutt Mittens production run. At the end of the year accountants physically counted the number of Mutt Mittens in stock and found there were 225 sets of Mutt Miffins moldering in the stock room; the remainder had been sold. Riddle me this: what is the value of Giant Dogs ending Mutt Miffin inventory? HINT: remember, dogs have 4 feet!