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Rafael purchased stock last year as follows: Month Shares Total Cost July 25 $ 2,500 August 50 $4,500 September 80 $8,000 In October of this

Rafael purchased stock last year as follows:

Month

Shares

Total Cost

July

25

$ 2,500

August

50

$4,500

September

80

$8,000

In October of this year, Rafael sells 85 shares for $7,500. Rafael cannot specifically identify the stock sold. The basis for the 85 shares sold is

A) $7,500.

B) $9,550.

C) $10,500.

D) $19,250

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