The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 10 Purchase 20 Purchase 55 units at $25 each 65 units at $26 each 75 units at $27 each Nov. 30 Ending Inventory: 60 units Assume that the number of units of inventory sold during November (as calculated from the data above) were sold for $55 per unit. Also assume Able had cost of goods sold is $3,000. What is Able's gross profit? 1.$7,725 2. $300 3.$4,425 4. $3,000 QUESTION 38