Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $147 0 2,200 1,910 290 Variable costs per unit: Direct materials $47 Direct labor $34 Variable manufacturing overhead $5 Variable selling and administrative expense $6 Fixed costs: Fixed manufacturing overhead $39,600 Fixed selling and administrative expense $15,280 The total gross margin for the month under the absorption costing approach is: variable selling and administrative expense Fixed costs: Fixed manufacturing overhead The total gross margin for the month under the absorption costing approach is: Multiple Choice $137,520 $82,130 $70,670 $66,850