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