Krepps Corporation produces a single product. Last year, Krepps manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows:

Direct materials	$ 180,000
Direct labor	$ 120,000
Variable manufacturing overhead	$ 210,000
Fixed manufacturing overhead	$ 250,000

Sales totaled $850,000 for the year, variable selling and administrative expenses totaled $110,000, and fixed selling and administrative expenses totaled $170,000. 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: