A business operated at 100% of capacity during its first month, with the following results:

Sales (111 units)		$543,900
Production costs (139 units):
Direct materials	$73,627
Direct labor	18,798
Variable factory overhead	32,897
Fixed factory overhead	31,331	156,653
Operating expenses:
Variable operating expenses	$5,778
Fixed operating expenses	3,296	9,074

What is the amount of the gross profit that would be reported on the absorption costing income statement?

a.$413,025

b.$409,729

c.$543,761

d.$418,803