Krepps Corporation produces a single product. Last year, Krepps manufactured 28,000 units and sold 22,500 units. Production costs for the year were as follows:

Direct materials	$	229,600
Direct labor	$	134,400
Variable manufacturing overhead	$	215,600
Fixed manufacturing overhead	$	336,000

Sales totaled $1,046,250 for the year, variable selling and administrative expenses totaled $117,000, and fixed selling and administrative expenses totaled $201,600. 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.)