A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,700 units): Direct materials $174,600 Direct labor 227,000 Variable factory overhead 261,600 Fixed factory overhead 97,300 $760,500 Operating expenses: Variable operating expenses $121,400 Fixed operating expenses 41,300 162,700 ) If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is