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Ted's Used Cars uses the specific identification method of costing inventory. During March, Ted purchased...

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Accounting

Ted's Used Cars uses the specific identification method of costing inventory. During March, Ted purchased three cars for $6,800, $8,000, and $9,750, respectively. During March, two cars are sold for $9,000 each. Ted determines that at March 31, the $9,750 car is still on hand. What is Ted's gross profit for March?

A.

$250.
B.

$3,450.
C.

$3,200.
D.

$8,250.

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