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

Production costs (19,400 units):
Direct materials	$172,200
Direct labor	230,800
Variable factory overhead	243,500
Fixed factory overhead	97,900	$744,400
Operating expenses:
Variable operating expenses	$124,000
Fixed operating expenses	48,200	172,200

If 1,900 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. $63,317

b. $89,770

c. $72,922

d. $75,461