A business operated at 100% of capacity during its first month, with the following results: Sales (107 units) Production costs (134 units): $631,300 Direct materials $85,464 Direct labor 21,821 Variable factory overhead 38,186 Fixed factory overhead 36,367 181,838 Operating expenses: Variable operating expenses Fixed operating expenses $5,880 3,613 9,493 The amount of gross profit that would be reported on the absorption costing income statement is a. $631,166 b. $476,608 c. $480,221 Od. $486,101