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A car dealership sold three cars during the six-month period ending June 30th. It sold a BMW for $50,000 in April. Later in May, it
A car dealership sold three cars during the six-month period ending June 30th. It sold a BMW for $50,000 in April. Later in May, it sold a Ford SUV for $65,000. At last, in June, it sold a Toyota truck for $55,000. The total gross profit the dealership made from these three sales is $48,000. The BMW cost the dealership $36,000 and the Ford SUV cost $48,000. What is the cost of the Toyota truck assuming the dealership used the specific identification cost formula? A) $48,000 B) none of above C) $38,000 D) $56,666
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