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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials $179,700 Direct labor
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials $179,700 Direct labor 222,000 Variable factory overhead 261,200 Fixed factory overhead 100,500 $763,400 Operating expenses: Variable operating expenses 5132,200 Fixed operating expenses 43,800 176,000 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 Oa. $88,359 Ob. $62,352 Oc. $74,787 Od. $71,820
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