A company just starting in business purchased three merchandiseinventory items a

A company just starting in business purchased three merchandiseinventory items at the following prices. First purchase $80;Second purchase $95; Third purchase $85. If the company soldtwo units for a total of $240 and used FIFO costing the grossprofit for the period would beA. $65.B. $75.C. $60.D. $50.