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

Selling price	$	126
Units in beginning inventory		0
Units produced		2,630
Units sold		2,500
Units in ending inventory		130
Variable costs per unit:
Direct materials	$	49
Direct labor	$	17
Variable manufacturing overhead	$	8
Variable selling and administrative expense	$	9
Fixed costs:
Fixed manufacturing overhead	$	84,160
Fixed selling and administrative expense	$	17,500

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

Multiple Choice

$96,700

$50,000

$10,000

$107,500