A business operated at 100% of capacity during its first month, with the following results: Line Item Description Amount Amount Sales (114 units) $615,600 Production costs (142 units): Direct materials $82,891 Direct labor 21,164 Variable factory overhead 37,036 Fixed factory overhead 35,273 Total production costs $176,364 Operating expenses: Variable operating expenses $5,146 Fixed operating expenses 3,975 Total operating expenses 9,121 The amount of gross profit that would be reported on the absorption costing income statement is a. $468,866 b. $615,458 c. $464,891 d. $474,012