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

Production costs (18,700 units):

Direct materials $174,200

Direct labor 223,500

Variable factory overhead 253,700

Fixed factory overhead 91,000 $742,400

Operating expenses:

Variable operating expenses $132,800

Fixed operating expenses 44,400 $177,200

If 1,800 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?