A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (10,000 units):

Direct materials $140,000

Direct labor 40,000

Variable factory overhead 20,000

Fixed factory overhead 4,000 $204,000

Operating expenses:

Variable operating expenses $34,000

Fixed operating expenses 2,000 36,000

If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of inventory that would be reported on the variable costing balance sheet?