Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2011, for $10,500, and has been reinvesting dividends. On December 15, 2015, she sells 100 shares. What is the basis for the shares sold assuming (1) FIFO and (2) average cost method?

Question

Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2011, for $10,500, and has been reinvesting dividends. On December 15, 2015, she sells 100 shares.  What is the basis for the shares sold assuming (1) FIFO and (2) average cost method?

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The Answer of Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2011, for $10,500, and has been reinvesting dividends. On December 15, 2015, she sells 100 shares.  What is the basis for the shares sold assuming (1) FIFO and (2) average cost method?

Joy Purchased 200 Shares of HiLo Mutual Fund on July