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

Selling price	$	137
Units in beginning inventory		0
Units produced		3,300
Units sold		2,820
Units in ending inventory		480
Variable costs per unit:
Direct materials	$	49
Direct labor	$	16
Variable manufacturing overhead	$	7
Variable selling and administrative expense	$	16
Fixed costs:
Fixed manufacturing overhead	$	99,000
Fixed selling and administrative expense	$	33,840

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

Multiple Choice

• $98,700

• $19,740

• $127,380

• $138,180