HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2020 and 2021 was 3,000 units. There was no beginning inventory in 2016. The following data summarized the 2020 and 2021 operations: Units sold Units produced Costs: Variable manufacturing costs per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative 2020 2021 2,500 3,200 3,000 3,000 $0.65 $0.65 $1,290 $1,290 $0.80 $0.80 $650 $650 What is the value of closing inventory in 2020 under variable costing?