Given the following information, compute the gross profit/margin under the Absorption Costing Method:

Units Produced and Sold 1,500 units Sales $150 per unit Variable Production Costs $45 per unit Variable Selling and Administrative Costs $7 per unit Fixed Overhead Costs $57,000 Fixed Selling and Administrative Costs $22,000

a. $100,500

b. $100,000

c. $68,000

d. $ 157,500

e.$90,000