50 Used Cars Company uses the specific identification method of costing inventory. During March, the Company purchased three cars for $5,000, S6,000, and $8,000, respectively. During March, two cars...


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50<br>Used Cars Company uses the specific identification method of costing inventory. During<br>March, the Company purchased three cars for $5,000, S6,000, and $8,000, respectively.<br>During March, two cars are sold for $8,500 each. The Company determines that at<br>March 31, the $8,000 car is still on hand. What is the Company's gross profit for March?<br>a. $6,000<br>O b. $9,000<br>O . $4,000<br>O d. $3,000<br>

Extracted text: 50 Used Cars Company uses the specific identification method of costing inventory. During March, the Company purchased three cars for $5,000, S6,000, and $8,000, respectively. During March, two cars are sold for $8,500 each. The Company determines that at March 31, the $8,000 car is still on hand. What is the Company's gross profit for March? a. $6,000 O b. $9,000 O . $4,000 O d. $3,000

Jun 02, 2022
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