Malp Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price $ 113 Units in beginning inventory Units produced Units sold Units in ending inventory 0 2,300 2,050 250 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 $ $ 32 38 22 $ $ 6 6 $32,200 $ 8,200 The total gross margin for the month under the absorption costing approach is: Multiple Choice $40,400 The total gross margin for the month under the absorption costing approach is: Multiple Choice $40,400 $67,650 $55,350 $114,800