A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,600 units): Direct materials $177,900 Direct labor 223,000 Variable factory overhead 240,100 Fixed factory overhead 90,300 $731,300 Operating expenses: Variable operating expenses $129,000 Fixed operating expenses 46,500 175,500 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. $69,398 Ob. $58,929 Oc. $55,980 Od. $49,056