Lima Manufacturing produces snow shovels. The selling price per snow shovel is $28.00. There is no beginning inventory. Costs involved in production are: Direct material $5.00 Direct labor 4.00 Variable manufacturing overhead 3.00 Total variable manufacturing costs per unit $12.00 Fixed manufacturing overhead per year $245,180 In addition, the company has fixed selling and administrative costs of $144,800 per year. During the year, Lima produces 53,300 snow shovels and sells 48,010 snow shovels. What is the value of ending inventory using variable costing?