Arca Company reports the following for its product for its first year of operations. Direct materials $ 85 per unit Direct labor $ 65 per unit Variable overhead $ 35 per unit Fixed overhead $ 102, 000 per year Variable selling and administrative expenses $ 5 per unit Fixed selling and administrative expenses $ 55, 000 per year The company sells its product for $375 per unit. Compute gross profit using absorption costing assuming the company produces 2,550 units and sells 2,150 units