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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,900 units): Direct materials Direct labor
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,900 units): Direct materials Direct labor $184,300 230,600 Variable factory overhead 257,100 Fixed factory overhead 101,500 $773,500 Operating expenses: Variable operating expenses $122,700 Fixed operating expenses 48,200 170,900 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is O $89,692 Ob $75,474 Oc. $63,821 Od $73,457
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