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Norris bought the following shares of stock last year. Month Shares Total Cost March 50 $135 July 100 300 October 300 $600 On December 15

Norris bought the following shares of stock last year.

Month

Shares

Total Cost

March

50

$135

July

100

300

October

300

$600

On December 15 of this year Norris sells 80 shares for $325. Norris cannot specifically identify the stock sold. The average basis per share for the 80 shares sold is

Select one:

a. $85.50

b. None of the above

c. $80

d. $108

e. $92

f. $120

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