I'm Gray Inc. sold 45,000 units during the month of March. The total cost of the goods sold was $310,000. The sales price of each unit was $21. Gray has two selling costs: commissions equal to 5% of the sales price and fixed selling expenses of $55,000. Administrative expenses totaled $42,000. a. What is Gray's gross profit for March? b. What is Gray's operating income for March? A/ A

Gray Inc. sold 45,000 units during the month of March. The total cost of the goods sold was $310,000. The sales price of each unit was $21. Gray has two selling costs: commissions equal to 5% of the sales price and fixed selling expenses of $55,000. Administrative expenses totaled $42,000. a. What is Gray's gross profit for March? b. What is Gray's operating income for March