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

Production costs (20,900 units):
Direct materials	$172,300
Direct labor	226,800
Variable factory overhead	251,200
Fixed factory overhead	93,500	$743,800
Operating expenses:
Variable operating expenses	$125,000
Fixed operating expenses	49,800	174,800

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