A business operated at 100% of capacity during its first month, with the following results: Sales (114 units) $513,000 Production costs (142 units): Direct materials $69,076 Direct labor 17,636 Variable factory overhead 30,864 Fixed factory overhead 29,394 146,970 Operating expenses: Variable operating expenses $6,066 Fixed operating expenses 4,313 10,379 The amount of gross profit that would be reported on the absorption costing income statement is Oa. $384,631 Ob. $388,944 Oc. $512,858 Od. $395,010