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Stefan purchased stock last year as follows: Month Shares Total Cost August 50 $ 5,000 October 70 $7,000 November 85 $8,500 In December of this
Stefan purchased stock last year as follows:
Month | Shares | Total Cost |
August | 50 | $ 5,000 |
October | 70 | $7,000 |
November | 85 | $8,500 |
In December of this year 2020, Stefan sells 75 shares for $10,000. Stefan cannot specifically identify the stock sold. The basis for the 75 shares sold is
A) $7,500.
B) $9,550.
C) $10,500.
D) $19,250.1
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