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McQueen, Inc. buys premium ice cream at a cost of $4.50 a gallon and sells it for $10.00 a gallon. Selling, general, and administrative expenses are $1.95 per gallon. Which of the following statements is correct? Multiple Choice o Gross profit per gallon is $5.50. o The difference between the selling price and the cost is recorded in the gross profit account. O The difference between the selling price and the cost is recorded in the Net Profit account. Gross profiti per gallon is $8.55