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Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January
Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January 1 and finished on December 31, 2019. The following expenditures were incurred for construction:
Date Expenditures
January 1, 2019 $600,000
April 1, 2019 $840,000
October 1, 2019 $1,500,000
December 1, 2019 $2,400,000
Calculate the weighted-average accumulated expenditure on the project during the year 2019 was:
Group of answer choices
$1,805,000.
$1,880,000.
$1,735,000.
$1,800,000.
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