An investor purchased shares of Acme Company as follows: 500 shares @ $10 per share, 10,000 shares @ $6.00 per share, and 1,000 shares at $4.00 per share. What is the investor's average cost per share?
A) $7.00
B) $6.00
C) $6.67
D) $23,000
E) $6.50

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The Answer of An investor purchased shares of Acme Company as follows: 500 shares @ $10 per share, 10,000 shares @ $6.00 per share, and 1,000 shares at $4.00 per share. What is the investor's average cost per share?
A) $7.00
B) $6.00
C) $6.67
D) $23,000
E) $6.50

An Investor Purchased Shares of Acme Company as Follows: 500