A business produced 100 units and sold 90 units during its first month, with the following results: Sales $90,000 Production costs: Direct materials $40,000 Direct labor 20,000 Variable factory overhead 2,000 Fixed factory overhead ___7.000 69,000 Operating expenses: Variable operating expenses $8,000 Fixed operating expenses 1.000 9.000 The amount of gross profit that would be reported on the absorption costing income statement is $21,000 $18.900 $27.900 $18,000