A Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $145

Units in beginning inventory0

Units produced3,600

Units sold3,400

Units in ending inventory200

Variable costs per unit:

Direct materials $36

Direct labor $57

Variable manufacturing overhead $3

Variable selling and administrative expenses $5

Fixed costs:

Fixed manufacturing overhead $79,200

Fixed selling and administrative expense $64,600

The total gross margin for the month under the absorption costing approach is:

Select one:

a.$10,200

b.$91,800

c.$115,400

d.$149,600