On June 8, Springfield Ltd. was incorporated and issued 30,600 common shares for $306,000. On August 19, an additional 7,650 shares were issued for $91,800. On November 2, the company paid $29,376 to repurchase 3,060 common shares and on December 7 it paid $53,040 to repurchase 4,080 common shares.
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
$enter a dollar amount rounded to 2 decimal places
Aug. 19
$enter a dollar amount rounded to 2 decimal places
Nov. 2
$enter a dollar amount rounded to 2 decimal places
Dec. 7
$enter a dollar amount rounded to 2 decimal places
