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Find the amount of inventory that would be reported

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Reference no: EM133136730

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

Production costs (20,700 units):

Direct materials

$183,700

Direct labor

228,100

Variable factory overhead

263,900

Fixed factory overhead

104,000

$779,700

Operating expenses:

Variable operating expenses

$120,100

Fixed operating expenses

46,400

166,500

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

Reference no: EM133136730

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