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A 17-month bridge construction project includes current-year payments to the contractor of $240,000 on March 1, $594,000 on July 1, and $372,000 on November 1.

A 17-month bridge construction project includes current-year payments to the contractor of $240,000 on March 1, $594,000 on July 1, and $372,000 on November 1. Calculate the weighted average accumulated expenditures for the year ended December31.

Weighted average accumulated expenditures

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