Bethany Company has just completed the first month of producing a new product but has not yet shipped any of this product. The product incurred variable manufacturing costs of $5,000,000, fixed manufacturing costs of $2,000,000, variable marketing costs of $1,000,000, and fixed marketing costs of $3,000,000.

Under the variable costing concept, the inventory value of the new product would be:

a. $5,000,000.

b. $6,000,000.

c. $8,000,000.

d. $11,000,000.