Crossbow Corp. produces a single product. Data concerning June's operations follow: Units in beginning inventory 0 Units produced 6,000 Units sold 5,000 Variable costs per unit: Manufacturing $7 Selling and administrative $3 Fixed costs in total: Manufacturing $12,000 Selling and administrative $3,000

Under variable costing, ending inventory on the balance sheet would be valued at: $10,000 $7,000 $9,000 $12,000