A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$145
Units in beginning inventory	0
Units produced	2,440
Units sold	2,280
Units in ending inventory	160
Variable cost per unit:
Direct materials	$49
Direct labor	$17
Variable manufacturing overhead	$17
Variable selling and administrative	$10
Fixed costs:
Fixed manufacturing overhead	$85,400
Fixed selling and administrative expenses	$22,800

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

$61,560

$15,960

$118,560

$107,760