A company just starting in business purchased threemerchandise inventory items a

A company just starting in business purchased threemerchandise inventory items at the followingprices.First purchase $80; Second purchase $95; Thirdpurchase $85.If the company sold two units for a totalof $240 and used FIFO costing the gross profit for the periodwould be A. $65.B. $75.C. $60.D. $50.