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Sunland's Used Cars uses the specific identification method of costing inventory. During March, Sunland purchased three cars for $11700, $14400, and $18800, respectively. During March,
Sunland's Used Cars uses the specific identification method of costing inventory. During March, Sunland purchased three cars for $11700, $14400, and $18800, respectively. During March, two cars are sold for a total of $34400. Sunland determines that at March 31, the $14400 car is still on hand. What is Sunlands gross profit for March?
$3900.
$2900.
$1200.
$8300.
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