Homework answers / question archive / George bought the following amounts of Stock A over the years:(Loss amounts should be indicated with a minus sign

George bought the following amounts of Stock A over the years:(Loss amounts should be indicated with a minus sign

Accounting

Share With

George bought the following amounts of Stock A over the years:(Loss amounts should be indicated with a minus sign.)

On October 12, 2019, he sold 1,245 of his shares of Stock A for $38 per share.

a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold?