A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): $180,000 Direct materials 240,000 Direct labor 280,000 Variable factory overhead 100,000 $800,000 Fixed factory overhead Operating expenses: $130,000 Variable operating expenses 50,000 180,000 Fixed operating expenses If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet? Select one: a. $62,500 b. $73,500 c. $60,000 d. $52,500