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

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price $ 122 Units in beginning inventory Units produced 2,100 Units sold 1,680 Units in ending inventory 420 Variable costs per unit: 37 Direct materials 31 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $16,800 $11,760 The total gross margin for the month under the absorption costing approach is Multiple Choice $68,880 $57,120 $57,120 $114,240