During march two cars are sold for 9000 each. sam, Ask an Expert

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Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Sam determines that at March 31, the $9,750 car is still on hand. What is Sam’s gross profit for March?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9410890

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