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

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Accounting

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

    Production costs (19,900 units):
    Direct materials $177,700
    Direct labor 235,600
    Variable factory overhead 241,600
    Fixed factory overhead 93,900 $748,800
    Operating expenses:
    Variable operating expenses $125,300
    Fixed operating expenses 46,200 171,500

    If 1,700 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet?

    a.$55,946

    b.$66,650

    c.$63,971

    d.$78,619

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