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On June 8 , Cullumber Ltd . was incorporated and issued 3 1 , 8 0 0 common shares for $ 3 1 8 ,

On June 8, Cullumber Ltd. was incorporated and issued 31,800 common shares for $318,000. On August 19, an additional 7,950
shares were issued for $95,400. On November 2, the company paid $30,528 to repurchase 3,180 common shares and on December 7
it paid $55,120 to repurchase 4,240 common shares.
(a)
Your answer is partially correct.
Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7.(Round answers to 2 decimal
places, e.g.15.25.)
Average Cost
June 8$
Aug. 19$
Nov. 2$
Dec. 7$
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