Steele Corporation has the following information for January, February, and March: January February March Units produced 10,000 10,000 10,000 Units sold 7.000 8,500 10,500 Production costs per unit (based on 10,000 units) are as follows Direct materials $12 Direct labor Variable factory overhead Fixed factory overhead Variable selling and admin. expenses Fixed selling and admin. expenses There were no beginning inventories for January, and all units were sold for $50. Costs are stable over the three 10 months What is the February ending inventory for Steele Corporation using the absorption costing method