Kwon-Lee sold 200 shares held in FNP Mutual Fund in 2015 for $22,500 and received a 1099-B to record the sale of the shares. Kwon-Lee's investment portfolio includes the following purchases of FNP Mutual Fund stock: 
Assuming Kwon-Lee uses the single category average cost method, he will recognize
A) no gain or loss.
B) $500 gain.
C) $1,000 loss.
D) $3,125 loss.
Correct Answer:
Verified
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