A business operated at 100% of capacity during its first month and incurred the following costs: 
If 1,600 units remain unsold at the end of the month,what is the amount of inventory that would be reported on the variable costing balance sheet?
Definitions:
Group Attribution Error
The tendency to overemphasize dispositional or personality-based explanations for the behavior of individuals in a group, while underestimating the role of external factors.
Stereotyped Thinking
The practice of having oversimplified and generalized beliefs about certain groups or categories of people.
Law of Small Numbers
A cognitive bias that leads people to infer or generalize outcomes from a small sample size, mistakenly treating it as representative of a larger population.
Double-Standard Thinking
The application of different sets of principles for similar situations, often leading to unfair or biased judgments.
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