Carr Company produces a single product.During the past year, Carr manufactured 38,000 units and sold 26,500 units.Production costs for the year were as follows:
Fixed manufacturing overhead
variable manufacturing overhead
Direct labor
Direct materials
Sales totaled 1,775,500, variable selling expenses totaled 368,600 and fixed selling and administrative expenses totaled 183,000. there were no units in beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at (do not round calculation)