Mason Corporation began operations at the beginning ofthe current year. One of the company's products, a refrigeration element, sells for $195 per unit Information related to the current year's activities follows. Variable costs per unit: Direct material $ 16 Direct labor 35 Manufacturing overhead 45 Annual fixed costs: Manufacturing overhead $666,666 Selling and administrative 366,666 Production and sales activity: Production (units) 24,666 Sales (units) 26,666 Mason carries its finishedgoods inventory at the average unit cost of production and is subject to a 30 percent income tax rate. There was no work in process at yearend. aquired: Determine the cost of the December 31 finishedgoods inventory