A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units) : Direct materials $172,600 Direct labor 232,000 Variable factory overhead 266,700 Fixed factory overhead 90,000 $761,300 Operating expenses: Variable operating expenses $124,000 Fixed operating expenses 47,100 171,100 If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is
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Home » Business » A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units) : Direct materials $172,600 Direct labor 232,000 Variable factory overhead 266,700 Fixed factory overhead 90,000