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Metlock Inc. is constructing a building. Construction began on March 1 and was completed on December 31. Expenditures were $480,000 on March 1, $640,000 on
Metlock Inc. is constructing a building. Construction began on March 1 and was completed on December 31. Expenditures were $480,000 on March 1, $640,000 on July 1, and $576,000 on December 1. Compute Metlock's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $ $
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