A company produces a single product. Variable production costs are $12.7 per unit and variable selling and administrative expenses are $3.7 per unit. Fixed manufacturing overhead totals $43,000 and fixed selling and administration expenses total $47,000. Assuming a beginning inventory of zero, production of 4,700 units and sales of 3,950 units, the dollar value of the ending inventory under variable costing would be:

$9,525

$16,275

$12,300

$6,750