NMT Company manufactures and distributes chocolate products. It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. The chocolate-powder liquor base is further processed into chocolate powder and the milk-chocolate liquor base is further processed into milk chocolate. During September, NMT Company purchased 20,000 pounds of cocoa beans at a cost of $22,000. An additional $10,000 was spent processing the cocoa beans into the two intermediate products. Production and sales data for September appears below: Product chocolate powder milk chocolate Units produced 10,000 pounds 20,000 pounds Units sold 7,000 pounds 11,000 pounds Product chocolate powder milk chocolate Selling price $ 8 per pound $14 per pound Separable Processing costs $30,000 $80,000 Joint costs are allocated to products using the estimated net realizable value method. Assume NMT Company had no beginning inventories of any type at September 1. Calculate the total value of NMT Company's finished goods inventory at September 30