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

Selling price	$153
Units in beginning inventory	0
Units produced	2,940
Units sold	2,900
Units in ending inventory	40
Variable cost per unit:
Direct materials	$49
Direct labor	$16
Variable manufacturing overhead	$16
Variable selling and administrative	$17
Fixed costs:
Fixed manufacturing overhead	$97,020
Fixed selling and administrative expenses	$40,600

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

$113,100

$23,200

$148,700