A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,600 units): Direct materials $175,600 Direct labor Variable factory overhead Fixed factory overhead 229,500 270,000 101,600 $776,700 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 44,400 174,400 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is Oa. $57,540 Ob. $81,060 Oc. $68,616 Od. $66,196 Previous All work saved Subm