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What is coronado gross profit for march

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Reference no: EM132689916

Problem 1: Coronado's Used Cars uses the specific identification method of costing inventory. During March, Coronado purchased three cars for $11600, $14600, and $19200, respectively. During March, two cars are sold for a total of $35100. Coronado determines that at March 31, the $14600 car is still on hand. What is Coronado's gross profit for March?

A) $2600.

B) $1300.

C) $4300.

D) $8900.

Reference no: EM132689916

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