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Diamante Diamonds uses the specific identification method of costing inventory. During a period, the company purchased three diamond bracelets for $3,000, $3,500, and $5,200, and

Diamante Diamonds uses the specific identification method of costing inventory. During a period, the company purchased three diamond bracelets for $3,000, $3,500, and $5,200, and then sold two of the bracelets for a total of $10,000. After a physical inventory, it was determined that the $3,500 bracelet was still in stock. What was Diamante Diamonds gross profit for the period? Select answer from the options below $6,500 $1,800 $8,200 $10,000

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