Required information [The following information applies to the questions displayed below.) Ramort Company reports the following for its single product. Ramort produced and sold 23,800 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 29 per unit $ 31 per unit $ 22 per unit $ 47,600 per year $ 3 per unit $ 69,000 per year $ 117 per unit Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales $ Cost of goods sold Gross profit 2,784,600