Find the base value of stock

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Reference no: EM1344157

Edward purchased stock last year as follows:

Month Shares Total Cost

March 100 $ 270

July 200 600

October 600 $1,200
In 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 = 2.30
2.30x80 = 184

Reference no: EM1344157

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