The following information is available for X Co. for its first year of operations:

Sales in units5,000

Production in units8,000

Manufacturing costs:

Direct labor$3 per unit

Direct material5 per unit

Variable overhead1 per unit

Fixed overhead$100,000

Net income (absorption method)$30,000

Sales price per unit$40

Based on variable costing, what would X Co. show as the value of its ending inventory?(No need for decimals)