A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 154 Units in beginning inventory 0 Units produced 2,560 Units sold 2,230 Units in ending inventory 330 Variable costs per unit: Direct materials $ 51 Direct labor $ 24 Variable manufacturing overhead $ 15 Variable selling and administrative expense $ 16 Fixed costs: Fixed manufacturing overhead $ 92,160 Fixed selling and administrative expense $ 11,150 The total gross margin for the month under absorption costing is:

Multiple Choice $107,040 $96,240 $15,610 $62,440