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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,900 units): Direct materials $180,300 Direct labor

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,900 units): Direct materials $180,300 Direct labor 239,000 Variable factory overhead 260,100 Fixed factory overhead 98,000 $777,400 Operating expenses: Variable operating expenses $132,600 Fixed operating expenses 41,500 174,100 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

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