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Edward Purchased Stock Last Year as Follows In April of This Year,Edward Sells 80 Shares for $250

Question 86

Multiple Choice

Edward purchased stock last year as follows:  Month  Shares  Total Cost  March 100$270 July 200600 October 600$1,200\begin{array} { | l | c | r | } \hline \text { Month } & \text { Shares } & \text { Total Cost } \\\hline \text { March } & 100 & \$ 270 \\\hline \text { July } & 200 & 600 \\\hline \text { October } & 600 & \$ 1,200 \\\hline\end{array} 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.

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