A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,600 units): Direct materials Direct labor $176,100 220,200 265,800 Variable factory overhead Fixed factory overhead 97,300 $759,400 Operating expenses: Variable operating expenses $134,100 Fixed operating expenses 41,400 175,500 If 1,600 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. $61,992 Ob. 564,996 Oc. $76,318 Od. $54,032