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What is sheridan gross profit for march

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Problem - Sheridan's Used Cars uses the specific identification method of costing inventory. During March, Sheridan purchased three cars for $11400, $14100, and $19400, respectively. During March, two cars are sold for a total of $34500. Sheridan determines that at March 31, the $14100 car is still on hand. What is Sheridan's gross profit for March?

Reference no: EM133005140

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