Question: Please explain step by step how you got the answer Required information [The following information applies to the questions displayed below.] George bought the following

Please explain step by step how you got the answer

Required information [The following information applies to the questions displayed below.] George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. On October 12, 2022, he sold 1,275 of his shares of Stock A for $38 per share. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold

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