A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials Direct labor $180,800 228,300 Variable factory overhead 256,300 Fixed factory overhead 102,300 $767,700 Operating expenses: Variable operating expenses Fixed operating expenses $123,200 41,800 165,000 If 1,500 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? a. $58,559 b. $69,260 c. $57,000 d. $49,411