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30. Question Content Area

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

    Production costs (20,500 units):
    Direct materials	$175,400
    Direct labor	230,400
    Variable factory overhead	241,700
    Fixed factory overhead	95,600	$743,100
    Operating expenses:
    Variable operating expenses	$130,600
    Fixed operating expenses	40,300	170,900

    If 1,800 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is