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On June 8, Kokomo Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850 shares were issued for $106,200.

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On June 8, Kokomo Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850 shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December 7 it paid $61,360 to repurchase 4,720 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, 6.8. 15.25.) Average Cost June B $ 10 Aug. 19 $ Nov. 2 $ Dec 7

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