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

Selling price	$117
Units in beginning inventory	0
Units produced	4,700
Units sold	4,400
Units in ending inventory	300
Variable costs per unit:
Direct materials	$36
Direct labour	$38
Variable manufacturing overhead	$4
Variable selling and administrative	$11
Fixed costs:
Fixed manufacturing overhead	$89,300
Fixed selling and administrative	$26,400

What was the total gross margin for the month?

Multiple Choice

• $123,200.

• $88,000.

• $171,600.

• $39,600.