Wavy Inc. produces and sells flags for \$30 each. In the first year of operations, 42,000 flags were produced and 40,000 were sold. The cost per unit showed:
|Cost per unit:|
|Variable manufacturing costs||\$1.20|
|Fixed manufacturing costs||\$0.60|
|Administrative expenses (all fixed)||\$1.30|
What is the difference in the ending inventory under absorption versus variable costing methods?
Enter your response as a whole number, without commas or dollar sign. For instance, enter 4505 rather than \$4,505.