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T Purchased the Following Lots of ZYX Corporation Stock T Sold 70 Shares in December, 2012, for $6,300, but

Question 42

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T purchased the following lots of ZYX Corporation stock:  25 Shares  Purchased 4/30/2012 Cost $1,800 40 Shares  Purchased 5/20/2012 Cost $3,00025 Shares  Purchased 9/21/2012 Cost $2,000\begin{array} { l l } \text { 25 Shares } & \text { Purchased 4/30/2012 Cost } \$ 1,800 \\\text { 40 Shares } & \text { Purchased 5/20/2012 Cost } \$ 3,000 \\25 \text { Shares } & \text { Purchased 9/21/2012 Cost } \$ 2,000\end{array} T sold 70 shares in December, 2012, for $6,300, but was unable to identify specific shares to be sold by certificate number and date of purchase.What was T's adjusted basis in the $30,000 shares sold?


A) $5,200
B) $5,250
C) $5,360
D) $6,300

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