Question: Dean's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of April.

Dean's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of April. The company uses the specific identification method.

Instructions
(a) Determine the cost of goods sold and ending inventory for the month of April.
(b) Determine the gross profit for the month of April.
(c) Discuss whether the specific identification method is likely the most appropriate cost determination method for Dean's Sales.

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