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 $89,000. Classic purchased the sports car for $56,000 and paid $1,800 for freight in and $1,000 for freight out. What is the cost of goodssold?

A.

$56,000

B.

$57,000

C.

$57,800

D.

$31,200