The Southern Corporation manufactures a single product and has the following cost structure:

Variable costs per unit:
Production	$	43
Selling and administrative	$	13
Fixed costs per year:
Production	$	152,880
Selling and administrative	$	137,590

Last year, 5,880 units were produced and 5,680 units were sold. There was no beginning inventory.

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: