Eastwood Company has the following information for 2011:
Selling price $150 per unit
Variable production costs $40 per unit produced
Variable selling and admin. expenses $16 per unit sold
Fixed production costs $200,000
Fixed selling and admin. expenses $140,000
Units produced 10,000 units
Units sold 8,000 units
There were no beginning inventories.
What is the ending inventory for Eastwood using the absorption costing method?