The Sullivan Company had 4,000 units in beginning inventory. During 2008 the company manufactured 100,000 units and sold 92,000 units. The company experienced the following costs: Direct materials $5.75/unit Direct labor $3.25/unit Variable manufacturing overhead $2.80/unit Variable selling $1.75/unit Fixed manufacturing overhead $250,000 Fixed selling $35,000 Fixed administrative $25,000 If the company uses full costing the ending inventory for the year would be valued at