Zee Corporation operated at $100\%$ of its capacity during the first year of its

operations. Additional data is provided below:

Selling price is $$800$ per unit.

Production costs $(2,000$ units$)$:

Direct materials

Operating expenses:

Variable operating expenses

$$130,000$

Fixed operating expenses

$50,000$

$180,000$

If $1500$ units are sold during the month, what is the amount of gross profit

reported under Absorption Costing?