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

Line Item Description	Amount	Amount
Direct materials	$184,700
Direct labor	232,400
Variable factory overhead	267,300
Fixed factory overhead	101,000
Total production costs		$785,400
Operating expenses:
Variable operating expenses	$122,900
Fixed operating expenses	47,600
Total operating expenses		170,500

If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is