A business operated at 100% of capacity during its first month and incurred the following costs: 
If 75 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?
Definitions:
Business Plan
A detailed document outlining the strategy, goals, financials, and marketing efforts for a business venture.
Calculating Figures Conservatively
Estimating numbers or financial data in a cautious manner, often underestimating to avoid overstatement or risk.
Budgets
Financial plans that outline expected income and expenses over a specified period, guiding spending and resource allocation decisions.
Proposal
A formal suggestion or plan put forward for consideration or discussion by others.
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