Question 29 Not yet answered Used Cars Company uses the specific identification method of costing inventory. During March, the Company purchased three cars for $5,000, $6,000, and $8,000, respectively. During March, two cars are sold for $8,500 each. The Company determines that at March 31, the $8,000 car is still on hand. What is the Company's gross profit for March? Marked out of 1.00 P Flag question O a. $9,000 O b. $3,000 O c $4,000 O d. $6,000 Question 30 Adjusting entries are required Not yet answered Marked out of 1.00 O a. Monthly O b. Quarterly O c. Every time financial statements are prepared. O d. Yearly. P Flag