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Edward purchased stock last year as follows:
Month Shares Total Cost
March 100 $ 270
July 200 600
October 600 $1,200In 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.
Total Cost/Shares: 2070/900 = 2.302.30x80 = 184
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