Ted's Used Cars Uses the Specific Identification Method of Costing

Multiple Choice

Ted's Used Cars uses the specific identification method of costing inventory. During March, Ted purchased three cars for $8,000, $10,000, and $13,000, respectively. During March, two cars are sold for $11,000 each. Ted determines that at March 31, the $13,000 car is still on hand. What is Ted's gross profit for March?

A) $3,000.
B) $4,000.
C) $1,000.
D) $9,000.