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 $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Ted determines that at March 31, the $9,750 car is still on hand. What is Ted's gross profit for March?

A) $5,250.
B) $4,500.
C) $750.
D) $8,250.