A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,700 units): Direct materials $183,000 Direct labor 223,400 Variable factory overhead 269,900 Fixed factory overhead 93,800 $770,100 Operating expenses: Variable operating expenses $124,400 Fixed operating expenses 40,600 165,000 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 a. $58,022 b. $55,800 c. $49,007 d. $67,761