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White Diamonds uses the specific identification method of costing inventory. During a period, they purchased three diamond bracelets for $ 3 , 0 0 0

White Diamonds uses the specific identification method of costing inventory. During a period, they purchased three diamond bracelets for $3,000, $3,500, and $5,200 and then sold two bracelets for a total of $10,000. A physical inventory determined that the $3,500 bracelet was still in stock. What was White Diamonds gross profit for the period?

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