1. CVX Company provides the following cost data for the most recently completed period: Direct materials $15 per unit Direct labor $6 per unit Manufacturing $19 per unit overhead In this period, CVX produced 2,500 units and sold 2,000 units at a selling price of $60 each. Assume there was no beginning inventory. Total selling and administrative cost was $30,000. What was CVX's total gross margin for the period? O $40,000 O $70,000 0 $80,000 $88.000 O None of the above