TB MC Qu. 7-118 Gabuat Corporation, which has ... 20 Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: 2 points Selling price $ 151 8 07:45:45 Units in beginning inventory Units produced Units sold Units in ending inventory 2,900 2,380 520 eBook References $ $ $ 53 27 6 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 $49,300 $ 7,140 The total gross margin for the month under the absorption costing approach is: Multiple Choice $56.440 $114.240 595,200 S202.300