Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 141 Units in beginning inventory Units produced Units sold Units in ending inventory 2,500 2,080 420 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 40 31 7 ta ta ta ta $50,000 $18,720 The total gross margin for the month under the absorption costing approach is: The total gross margin for the month under the absorption costing approach is: Multiple Choice $145,600 $70,720 $89,440 $74,880