7. A company produces a single product Variable production costs are $12 per unit and variable selling and administrative expenses are $3 per unit. Fixed manufacturing overhead totals $36,000 and fixed selling and administration expenses total $40,000. Assuming a beginning inventory of zero, production of 4,000 units and sales of 3,500 units, the dollar value of the ending inventory under variable costing would be (4 Points) 8,400 6,000 4,800 3,600