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

Production costs $(18,300$ units$)$:

Line Item Description Amount Amount

Direct materials $$170,400$

Direct labor $227,100$

Variable factory overhead $251,700$

Fixed factory overhead $94,000$ $$743,200$

Operating expenses:

Variable operating expenses $$134,300$

Fixed operating expenses $42,100176,400$

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

a$.$ $$64,221$

b$.$ $$53,205$

c$.$ $$60,918$

d$.$ $$75,377$