Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ $145$

Units in beginning inventory $0$

Units produced $2,500$

Units sold $2,180$

Units in ending inventory $320$

Variable costs per unit:

Direct materials $ $46$

Direct labor $ $32$

Variable manufacturing overhead $ $6$

Variable selling and administrative expense $ $7$

Fixed costs:

Fixed manufacturing overhead $ $37,500$

Fixed selling and administrative expense $ $13,080$

The total gross margin for the month under the absorption costing approach is:

Multiple Choice

$$87,200$

$$100,280$

$$85,020$

$$172,220$