Octagonal Company has the following information for 2018:

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 produced10,000 units

Units sold8,000 units

There were no beginning inventories.

What is the cost of ending inventory for Octagonal using the variable costing method?