Orchard, Inc. manufactures a single product that had the following cost structure this October according to their variable costing income statement:

• Variable Cost of Goods Sold: $198,000
• Variable Selling and Administrative: $49,500
• Fixed Manufacturing: $237,600
• Fixed Selling and Administrative: $59,400

They sold 11,000 units for $90 each during the month, and produced 8,800 units. October 1 inventory was 2,600 units. What is the value of the October 31 finished goods inventory under absorption costing? $