Tax Drill - Cost Identification Jacquie purchases 300 shares of Ion Corporation stock on April...
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Accounting
Tax Drill - Cost Identification
Jacquie purchases 300 shares of Ion Corporation stock on April 30, 2020, for $4,500 ($15 a share) and another 150 shares of Ion stock on February 3, 2021 for $3,750 ($25 a share). She sells 120 shares of the stock on May 9, 2022.
Determine the cost of the stock sold, assuming that Jacquie cannot adequately identify the shares. Per share: _____________ Total cost: _____________
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