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Octagonal Company has the following information for 2018: Selling price$150 per unitVariable production costs per unit producedVariable selling and admin. expenses$16 per unit soldFixed production costs$200,000Fixed selling and admin. expenses$140,000Units produced10,000 unitsUnits sold8,000 unitsThere were no beginning inventories.What is the cost of ending inventory for Octagonal using the variable costing method?