In 2019, Tramore's Threads, Inc. (a retail clothing company) sold 531,000 units of its product at an average price of $33.00 per unit. The company reported estimated returns and allowances in 2019 of 0.8 percent of gross revenue. Tramore's Threads, Inc. actually purchased 500,000 units of its product from its manufacturer in 2019 at an average cost of $21.00 per unit. Tramore's Threads, Inc. began 2019 with 480,000 units of its product in inventory (carried at an average cost of $21.00 per unit). Operating expenses (excluding depreciation) for Tramore's Threads, Inc. in 2019 were $3,410,000 and depreciation expense was $238,000. Tramore's Threads, Inc. had $15,500,000 in debt outstanding throughout all of 2019. This debt carried an average interest rate of 3.5 percent. Finally, Tramore's Threads, Inc. tax rate was 35 percent. Tramore's Threads, Inc. fiscal year runs from January 1 through December 31. Given this information, what did Tramore's Threads, Inc. record as ending inventory on the company's 2019 balance sheet