20) A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (19,800 units):
??? Direct materials	$180,400
??? Direct labor	229,400
??? Variable factory overhead	261,500
??? Fixed factory overhead	95,600	$766,900
Operating expenses:
??? Variable operating expenses	$120,700
??? Fixed operating expenses	47,100	167,800

If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet?

a.$70,811

b.$50,865

c.$58,098

d.$60,000