A business operated at 100% of capacity during its first month, with the following results: Line Item Description Amount Amount Sales (103 units) $607,700 Production costs (129 units): Direct materials $82,275 Direct labor 21,006 Variable factory overhead 36,761 Fixed factory overhead 35,011 Total production costs $175,053 Operating expenses: Variable operating expenses $5,260 Fixed operating expenses 3,927 Total operating expenses 9,187 The amount of gross profit that would be reported on the absorption costing income statement is a. $458,742 b. $467,929 c. $462,669 d. $607,571