A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials $183,100 Direct labor 229,600 Variable factory overhead 268,700 Fixed factory overhead 95,500 $776,900 Operating expenses: Variable operating expenses $130,700 Fixed operating expenses 44,900 175,600 If 1,700 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. $68,345 b. $80,161 c. $57,341 d. $65,383