Companies and people often buy and sell stocks. Often they buy the same stock for different prices

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Question:

Companies and people often buy and sell stocks. Often they buy the same stock for different prices at different times. Say one owns 1000 shares a certain stock (such as Checkpoint), one may have bought the stock in amounts of 100 shares over 10 different times with 10 different prices.

We will analyze two different methods of accounting, FIFO (first in first out) and LIFO (last in first out) accounting used for determining the “cost” of a stock. This is also known as the dollar cost average basis. This information is typically calculated when a stock is sold to determine if a profit or loss was made. In our version of FIFO accounting, the price of a commodity is averaged starting with the first purchase of that item. Say we sell 250 shares of a stock, according to this method the dollar cost averaged purchase price is determined by averaging the prices on the first 250 shares bought. In our version of LIFO accounting, the price of a commodity is averaged starting with the last purchase of that item. Say we sell 250 shares of a stock, according to this method the dollar cost average purchase price is determined by averaging the prices on the last 250 shares bought.

In this assignment, you will be using a queue for storing data for FIFO accounting, and a stack for LIFO accounting. Implement your queue using Link list and implement your stack using arrays. Make sure you use the stack and queue abstract data types (ADT) defined for stacks and queues. Both your stack and queue should have records with the following fields:

The stock Tticker symbol (a string).

The Stock Name ( a string).

The number of shares of a stock (an int).

The purchase price for those shares (decimal).

You can assume that the first element of the structure is the security bought first, the second was bought second, etc.

Your program should have the user able to enter information about various stocks, the amount of shares, and the price. The user can then enter a query about a certain stock and the cost according to the LIFO and FIFO accounting methods for a certain number of shares.

The following could be your menu:

Press 1 to enter a new stock
Press 2 to find the LIFO and FIFO dollar cost average for the number of shares sold.

If 1 is pressed, the user needs to enter the stock symbol, Stock name, the number of shares bought, and the price per share when purchased.

If 2 is pressed, the user needs to enter the stock symbol being queried and the number of shares you wish to sell. Once that information is entered the dollar cost averaged price per share for both the LIFO method and the FIFO method should be displayed.

Implement the program described above using the Java programming language to meet the overall requirements described above. Use the below data.

Ticker:XOM

Name:Exon Mobile

Purchases in the order below.

100 shares at 92.65

50 sharees at 97.23

200 shares at 84.50

100 shares at 86.58

Ticker:D

Name:Dominion Resources

Purchases in the order below.

350 shares at 64.98

200 shares at 66.72

100 shares at 69.00

180 shares at 67.90

After you enter the XOM data have the software calculate and display the dollar cost average basis for both the LIFO and FIFO methods when selling 300 shares.

After you enter the D data have the software calculate and display the dollar cost average basis using both the LIFO and FIFO methods when selling 400 shares.