Joy purchased 200 shares of hilo mutual fund on july 15

Reference no: EM13577823

Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2007, for $10,500 and has been reinvesting dividends. On December 15, 2011, she sells 100 shares.

	Amount	# of shares
Purchase July 15, 2007	$10,500	200
Reinvested dividends, Oct. 1, 2008	800	10
Reinvested dividends, Oct. 1, 2009	970	20
Reinvested dividends, Oct. 1, 2010	980	20
TOTAL	$13,250	250

1. What is the basis for the shares assuming FIFO?

2. What is the basis for the shares, assuming the average cost method?

Reference no: EM13577823

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Joy purchased 200 shares of hilo mutual fund on july 15

Reference no: EM13577823

Reference no: EM13577823

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