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