1 as follows: February 3, year 1 April 15, year 1 May 28, year 1 July 5, year 1 September 30, year 1 Number of shares Purchased (sold) 1,100 2,500 (750) 1,400 (4,000) Price per share $11 9 13 12 15 Janson traded stock in Flax Co. held as trading securities during year No other transactions took place for Flax during the remainder of the year. At December 31, year 1, Flax is trading at $10 per share. Janson trades securities on a last in, first out basis. What amount is the net value of the investment in Flax at year end

The net value of the investment in Flax at year end = $2,500

Explanation: Given from the question

Year 1     Number of shares Purchased (sold)           Price per share    

February 3,                 1,100                                            $11

April 15,                         2,500                                         $9

May 28,                         (750)                                         $13

July 5,                         1,400                                             $12

September 30,            (4,000)                                          #15

From the given values above, we can see that

Total number of shares purchased for the year 1 =  1,100 + 2500 +1400= $5000

Total number of shares sold for the year 1 = 4000 + 750 = $4,750

Share   Balance = $5000 - $4,750 = $ 250

but flax is trading at $10 per share

Therefore the amount of net value of investment = $250 x $10 = $2,500

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