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On June 8, Lawn Ltd. was incorporated and issued 36,000 common shares for $360,000. On August 19, an additional 8,700 shares were issued for

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On June 8, Lawn Ltd. was incorporated and issued 36,000 common shares for $360,000. On August 19, an additional 8,700 shares were issued for $104,400. On November 2, the company paid $34,560 to repurchase 3,600 common shares and on December 7 it paid $62,400 to repurchase 4,800 common shares. (a) Your Answer Correct Answer (Used) 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 $ 10 Aug. 19 $ 10.39 Nov. 2 $ 10.39 Dec. 7 $ 10.39

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