What is your total cost basis in the stock

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Question - You bought 300 shares of stock: 100 shares in 2015 for $100 per share; 100 shares in 2016 for $120 per share; and 100 shares in 2017 for $250 per share. In 2019, you sold 150 shares for $200 per share and didn't specifically identify which shares were sold.

What is your total cost basis in the stock and how much did you realize in 2019?

a. total cost basis : $47,000

total gain realized: $6,500

b. total cost basis : $47,000

total gain realized: $14,000

c. total cost basis : $47,000

total loss realized: $1,000

d. total cost basis : $60,000

total gain/loss realized: $0

Reference no: EM132574183

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