A business operated at 100% of capacity during its first month, with the following results: Sales (116 units) $487,200 Production costs (145 units): Direct materials $65,833 Direct labor 16,808 Variable factory overhead 29,415 Fixed factory overhead 28,014 140,070 Operating expenses: Variable operating expenses $5,759 Fixed operating expenses 4,614 10,373 The amount of gross profit that would be reported on the absorption costing income statement is ca. $364,771 b. $369,385 C. $375,144 d. $487,055