Gabuat Corporation, which has only one product, has provided the following data concerning its most recent...

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Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold 38 Units in ending inventory $ 136 0 3,400 2,920 480 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 $ 46 $ 24 $ 4 $ 7 $ 68,000 $ 14,600 The total gross margin for the month under the absorption costing approach is: Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold 38 Units in ending inventory $ 136 0 3,400 2,920 480 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 $ 46 $ 24 $ 4 $ 7 $ 68,000 $ 14,600 The total gross margin for the month under the absorption costing approach is: