A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,900 units): Direct materials $170,200 Direct labor 223,300 Variable factory overhead 253,400 94,600 Fixed factory overhead $741,500 Operating expenses: Variable operating expenses $131,100 44,200 Fixed operating expenses 175,300 If 1,600 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? Oa. $54,764 Ob. $77,613 c. $62,784 Od. $65,862