Last year, Delbert Company produced 10,000 units and sold 9,000 units at a price of $9. Costs for last year were as follows:
| Direct materials | $10,000 |
| Direct labor | 15,000 |
| Variable factory overhead | 5,000 |
| Fixed factory overhead | 20,000 |
| Variable selling expense | 7,200 |
| Fixed selling expense | 5,000 |
| Fixed administrative expense | 12,000 |
Fixed factory overhead is applied based on expected production. Last year, Delbert expected to produce 10,000 units.
Assuming that beginning inventory was zero, what is the value of ending inventory under absorption costing?