A business Operated at 100% of capacity during Its first month and Incurred the following costs: Production costs (10,000 units): Direct materials $80,000 Direct labor . 120,000 Variable factory overhead 140,000 Fixed factory overhead 40,000 $380,000 Operating expenses: Variable operating expenses $65,000 Fixed operating expenses 25,000 90,000 If 600 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is: I Oa. $22,800 Ob. $34,000 Oc. $24,300 Od. $23,200