Krepps Corporation produces a single product. Last year, Krepps manufactured 32,900 units and sold 27,500 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 253,330 $171,080 $289,520 $592,200 Sales totaled $1,168,750 for the year, variable selling and administrative expenses totaled $148,500, and fixed selling and administrative expenses totaled $227,010. 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