During its first year of operations, Remnant Comparty paid $12,000 for direct materials and $6,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,500 while general, selling, and administrative expenses totaled $8,000. The company produced 7,000 units and sold 5,000 units at a price of $7.50 a unit. What is the value of ending inventory at the end of the first year? 28,000 O 8,000 O 10,286 O 4,000