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 $ 155 0 2,100 1,830 270 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 $ 53 $ 31 $ 7 $ 8 $42,000 $18,300 The total gross margin for the month under the absorption costing approach is: Multiple Choice $62.220 $80,520 O O $65.880 $128.100