A business operated at 100% of capacity during its first month, with the following results Sales (104 units) $478,400 Production costs (130 units) Direct materials $64,044 Direct labor 16,505 Variable factory overhead 20,883 Fixed factory overhead 27,500 $137,5401 Operating expenses Variable operating expenses $6,130 Fixed operating expenses 3,965 10,095 The amount of gross profit that would be reported on the absorption costing income statement is O. 5470270 Ob. $358.273 Oc. $368,360 Od. 1362238