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

Production costs (10,000 units):

Direct materials $ 80,000

Direct labor 120,000

Variable factory overhead 140,000

Fixed factory overhead 40,000 $380,000

Operating expenses:

Variable operating expenses $ 65,000

Fixed operating expenses 25,000 $90,000

If 600 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet?