Question 14 1 pts 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 $50,000 and paid $1,800 for freight in and $1,000 for freight out. What is the cost of goods sold? O $38,200 O $51,800+ O $51,000 $50,000