Krepps Corporation produces a single product. Last year, Krepps manufactured 34,250 units and sold 28,400 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $284, 275 $140,425 $256,875 $650, 750 Sales totaled $1,434,200 for the year, variable selling and administrative expenses totaled $167,560, and fixed selling and administrative expenses totaled $215,775. 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: (Round your intermediate calculations to 2 decimal places.)