kip started a wholesale store this year selling bulk peanut butter. In January of this year, Kip purchased an initial five tubs of peanut butter for a total cost of $6,000. In July, Kip purchased three tubs for a total cost of $7,000. Finally, in November Kip bought two tubs for a total cost of $2,000. Kip sold six tubs by year-end. What is Kip's ending inventory under the FIFO cost-flow method?