Edward purchased stock last year as follows: $$\begin{array} { | l | c | r | }
\hline \text { Month } & \text { Shares } & \text { Total Cost } \
\hline \text { March } & 100 & \$ 270 \
\hline \text { July } & 200 & 600 \
\hline \text { October } & 600 & \$ 1,200 \
\hline
\end{array}$$ In April of this year,Edward sells 80 shares for $250.Edward cannot specifically identify the stock sold.The basis for the 80 shares sold is
A)$160.
B)$184.
C)$216.
D)$240.

Question

Edward purchased stock last year as follows: $$\begin{array} { | l | c | r | } 
\hline \text { Month } & \text { Shares } & \text { Total Cost } \
\hline \text { March } & 100 & \$ 270 \
\hline \text { July } & 200 & 600 \
\hline \text { October } & 600 & \$ 1,200 \
\hline
\end{array}$$ In April of this year,Edward sells 80 shares for $250.Edward cannot specifically identify the stock sold.The basis for the 80 shares sold is
A)$160.
B)$184.
C)$216.
D)$240.

Quizplus · Accepted Answer

The Answer of Edward purchased stock last year as follows: $$\begin{array} { | l | c | r | } 
\hline \text { Month } & \text { Shares } & \text { Total Cost } \
\hline \text { March } & 100 & \$ 270 \
\hline \text { July } & 200 & 600 \
\hline \text { October } & 600 & \$ 1,200 \
\hline
\end{array}$$ In April of this year,Edward sells 80 shares for $250.Edward cannot specifically identify the stock sold.The basis for the 80 shares sold is
A)$160.
B)$184.
C)$216.
D)$240.

Edward Purchased Stock Last Year as Follows In April of This Year,Edward Sells 80 Shares for $250