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The following information was available for Free for All United at December 31, 2018 Beginning inventory $220,000 Ending inventory 260,000 Cost of goods sold 1,680,000 Net sales 2,800,000 Free for All days in inventory was 60.8 days. 36.5 days. 42.9 days. 52.1 days c The selection of an appropriate inventory cost formula for a company is made by C c Canada Revenue Agency (CRA). industry standards. management. external auditors Anderson's Used Cars uses the specific identification formula of costing inventory. During March Anderson purchased three cars: a Honda Civic for $6,200, a Chevy Malibu for $7,300, and a Ford Pinto $8,400, respectively. During March, two cars are sold for $8,600 each. Anderson determines that at March 31, the Ford Pinto is still on hand. What is Anderson's cost of goods sold for March? C $13,500 $15,700 $8,400 $17,200 c