Gabuat Corporation, which has only one product, has provided the following data concerning Its most recent month of operations: selling price $ 138 Units in beginning inventory Units produced Units sold Units in ending inventory 2,600 2,310 290 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ $ 49 27 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $36,400 $13,860 The total gross margin for the month under the absorption costing approach is: Multiple Choice $97020 $166,320