On February 12, 2018, Meca reacquired 2 million common shares at $19 per share. On June 9, 2019, Meca reacquired 3 million common shares at $14 per share. On May 25, 2020, Meca sold 3 million treasury shares at $22 per share-determine cost as the weighted-average cost of treasury shares. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method.
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