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Question - During 2018, Roberto sold 900 shares of Casual Investor Mutual fund for $8.85 per share. The shares were purchased on the following dates:
Date
Shares
Price
May 31, 2014
430
$9.80
September 18, 2015
270
$8.10
October 21, 2015
480
$10.10
January 12, 2017
310
$7.60
Calculate the gain (loss) on the sale under the following assumptions:
Basis is calculated using the first-in, first-out method. (Round your intermediate computations and final answer to 2 decimal places.)
Basis is calculated using the average cost method (assume all shares are long-term). (Round "Average cost" to 3 decimal places. Round other intermediate computations and final answer to 2 decimal places.)
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