Classic Autos specializes in selling gently used specialty sports cars and uses the specific identification method of determining ending inventory and cost of goods sold. Item 507K was sold for $90,000. Classic purchased the sports car for $51,000 and paid $1,300 for freight in and $1,400 for freight out. What is the cost of goods sold? A) $37,700 B) $52,300 C) $52,400 D) $51,000