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 $12,000 each.Ted determines that at March 31, the $13,000 car is still on hand.What is Ted's gross profit for March?

A) $7,000.
B) $6,000.
C) $1,000.
D) $11,000.