Inventory is normally valued at the cost of procuring or producing the item. The term gross product represents the net selling price of the item minus the cost of the item. McElroy manufacturing makes camshafts for race cars. In May, the company made $8,000$ camshafts and sold $10,000.$ The total cost to manufacture each camshaft is $$40.$ The average selling price in May was $$135$ each. At the end of May $22,000$ camshafts were in inventory.

What is the inventory Value at the end of May?