Johnson's Used Cars uses the specific identification formula of costing inventory. During March, Johnson purchased three cars: a Honda Civic for $6600, a Chevy Malibu for $7900, and a Ford Pinto $8600, respectively. During March, two cars are sold for $10400 each. Johnson determines that at March 31, the Ford Pinto is still on hand. What is Johnson's cost of goods sold for March? $16500 $8600 $14500 $17600