a manufacturer reports the following costs to produce 26,000 units in its first year of operations: direct materials, $26 per unit, direct labor, $22 per unit, variable overhead, $182,000, and fixed overhead, $260,000. of the 26,000 units produced, 24,800 were sold, and 1,200 remain in inventory at year-end. under absorption costing, the value of the inventory is: