Noble Sales, Inc. has just completed its first year of operations. The company has not had any sales to date. Noble has incurred the following costs associated with its production as of December 31, Year 1: (Click the icon to view the costs incurred.) Under absorption costing, what is the inventory amount shown on the balance sheet at December 31, Year 1? X Data Table O A. $88,500 B. $105,200 C. $148,200 Direct materials $ 44,000 D. $74,000 Production labor 30,000 29,000 Bookkeeper salary Factory utilities 14,500 Office rent 14,000 Factory supervisor salary 9,500 Machine maintenance contract 7,200 Print Done