A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:Selling price $ 117Units in beginning inventory 0Units produced 2,900Units sold 2,500Units in ending inventory 400Variable costs per unit: Direct materials $ 32Direct labor $ 45Variable manufacturing overhead $ 2Variable selling and administrative expense $ 9Fixed costs: Fixed manufacturing overhead $ 43,500Fixed selling and administrative expense $ 15,000The total gross margin for the month under absorption costing is:a) $72,500b) $95,100c) $20,000d) $57,500