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Garcia's Used Cars uses the specific identification formula of costing inventory. During March, Garcia purchased three cars: a Honda Civic for $9800, a Chevy Malibu

image text in transcribed Garcia's Used Cars uses the specific identification formula of costing inventory. During March, Garcia purchased three cars: a Honda Civic for $9800, a Chevy Malibu for $12700, and a Ford Pinto $10200, respectively. During March, two cars are sold for $19200 each. Garcia determines that at March 31, the Ford Pinto is still on hand. What is Garcia's cost of goods sold for March? $10200 $22500 $20800 $22900

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