LA Company produced 10,000 units last year, but 11,400 of the units were sold. The following additional information is also available Nariable manufacturing overhead $60,000 Direct materials used $120,000 Fixed manufacturing overhead $80,000 Direct labor incurred $40,000 Fixed selling and administrative $90,000 Beginning work in process -0- expenses Nariable selling and administrative $30,000 Ending work in process -0- expenses Beginning finished goods 1,400 Last year net income under absorption costing was net income under variable costing. LA Company produced 10,000 units during the past year, but only 9,400 of the units were sold. The following additional information is also available Variable manufacturing overhead $60,000 Direct materials used $120,000 Fixed manufacturing overhead $80,000 Direct labor incurred $40,000 Fixed selling and administrative $90,000 Beginning work in process -0- expenses Variable selling and administrative $30,000 Ending work in process -0- expenses Beginning finished goods -0- LA's finished goods inventory cost at the end of the year under variable costing is $