Acme Inc. is a merchandise reseller that provided the following information:

Amount

Number of units sold 10,000

Selling price per unit $17

Variable selling expense per unit $1

Variable administrative expense per unit $3

Total fixed selling expense $18,000

Total fixed administrative expense $14,000

Beginning merchandise inventory $9,000

Ending merchandise inventory $23,000

Merchandise purchases $87,000

What is the company's gross margin for the period?

Multiple Choice

• $73,000
• $149,000
• $97,000
• $137,000