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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,600 units): Direct materials $180,200 Direct labor

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,600 units): Direct materials $180,200 Direct labor 231,400 Variable factory overhead 246,800 Fixed factory overhead 92,500 $750,900 Operating expenses: Variable operating expenses Fixed operating expenses $130,600 41,800 172,400 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $67,231 Ob. $57,451 Oc. $47,942 Od. $54,675

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