Krepps Corporation produces a single product. Last year, Krepps manufactured 34,060 units and sold 28,600 units. Production costs for the year were as follows:

Direct materials	$	255,450
Direct labor	$	173,706
Variable manufacturing overhead	$	269,074
Fixed manufacturing overhead	$	510,900

Sales totaled $1,172,600 for the year, variable selling and administrative expenses totaled $148,720, and fixed selling and administrative expenses totaled $214,578. 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: