A merchandiser plans to sell 12.400 units next month at a seling price of $110 per unit. It also gathered the following cost estimates for next month Cost Cost Formula Cost of goods sold $ 60 per unit sold Advertising expense $ 150,000 per month Depreciation expense $ 70,000 per month Shipping expense $ 100,000 per month + $10 per unit sold Administrative salaries $ 50,000 per month Sales commissions 5% of sales Insurance expense $ 15,000 per month What is the total estimated gross margin for next month? Multiple Choice $470.000 $427.800 $327800 $620.000