Krepps Corporation produces a single product. Last year, Krepps manufactured 20,000 units and sold 15,000 units. Production costs for the year were as follows:

Direct materials $ 188,455

Direct labor $ 114,757

Variable manufacturing overhead $ 227,578

Fixed manufacturing overhead $ 476,189

Sales totaled $978,750 for the year, variable selling and administrative expenses totaled $115,350, and fixed selling and administrative expenses totaled $210,890. 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: