Harris Corporation produces a single product. Last year, Harris manufactured 35,250 units and sold 29,700 units. Production costs for the year were as follows:

Fixed manufacturing overhead	$634,500
Variable manufacturing overhead	$267,900
Direct labor	$179,775
Direct materials	$257,325

Sales were $1,351,350, for the year, variable selling and administrative expenses were $151,470, and fixed selling and administrative expenses were $257,325. There was no beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.)