Trump Company sells its product for $25 per unit. During 2016, it produced 18,000 units and sold 15,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable selling costs $3. Fixed costs are: $180,000 manufacturing overhead, and $50,000 selling and administrative expenses. What is the value of ending inventory under absorption costing? Please show your working