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Other Fields Homework Help Accounting Topic started by: Augustus1 on Jan 9, 2017



Title: Edward purchased stock last year as follows:MonthSharesTotal CostMarch100$ ...
Post by: Augustus1 on Jan 9, 2017
Edward purchased stock last year as follows:
   Month   Shares   Total Cost
   March   100   $ 270
   July   200   600
   October   600   $1,200

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.


Title: Re: Edward purchased stock last year as follows:MonthSharesTotal CostMarch100$ ...
Post by: MsLippy on Jan 9, 2017
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Title: Re: Edward purchased stock last year as follows:MonthSharesTotal CostMarch100$ ...
Post by: Augustus1 on Mar 19, 2017
I'm forever indebted to you!

THANKS