pm 6.00pm i McQueen, Inc. buys premium ice cream at a cost of $2.75 a gallon and sells it for $6.50 a gallon Selling, general, and administrative expenses are $1.25 per gallon. Which of the following statements is correct? Multiple Choice Gross profit per gallon is $250 The difference between the selling price and the cost is recorded in the Net Profit account. Gross profit per gallon is $3.75 The difference between the selling price and the cost is recorded in the gross profit account