Krepps Corporation produces a single product. Last year, Krepps manufactured 26,030 units and sold 21,320 units, Production costs for the year were as follows: Soles totaled $983,250 for the yeat, variable selling and administrative expenses totaled $120,060, and fixed selling and administrative expenses totaied $161,386, There. was no beginning ifmentory. Assume that direct labor is a varioble cost. Under absocption costing, the ending inventory for the year would be valued at