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

Production costs (20,300 units): Direct materials $184,600 Direct labor 226,600 Variable factory overhead 247,900 Fixed factory overhead 90,300 $749,400 Operating expenses: Variable operating expenses $123,000 Fixed operating expenses 41,000 164,000 If 1,700 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? Oa. a. $55,196 Ob. $65,496 Oc. $76,492 Od. $62,747