Marx Manufacturing produces snow shovels. The selling price per snow shovel is $30.00. There is no beginning inventory. Costs involved in production are: Direct material $5.00 Direct labor 4.00 Variable manufacturing overhead 4.00 Total variable manufacturing costs per unit $13.00 Fixed manufacturing overhead per year $177,840 In addition, the company has fixed selling and administrative costs of $172,200 per year. During the year, Marx produces 49,400 snow shovels and sells 44,320 snow shovels.

What is the value of ending inventory using variable costing?