Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing before it is in a saleable condition. There are no opening inventories and no work in progress. The following data are available for last period: $ Total joint production costs 384,000 Further processing costs (product H) 159,600 Product Selling price per unit Sales Units Production Units G $0.84 400,000 412,000 H $1.82 200,000 228,000 Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product H for last period?