Sylvania Company provided the following information regarding its only product--skateboards.

Direct materials used$200,000

Direct labor80,000

Fixed overhead100,000

Fixed selling and administrative costs190,000

Variable overhead20,000

Variable selling and administrative90,000

Selling unit price70

Units produced and sold10,000

_____ is the gross margin (gross profit) if the absorption approach is used.

Group of answer choices

$300,000

$390,000

$470,000

$450,000