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On April 1, 2020, Tanner Company purchased land for an office location by paying $135,000 cash. Tanner began construction on the office building on April
On April 1, 2020, Tanner Company purchased land for an office location by paying $135,000 cash. Tanner began construction on the office building on April 1. The following additional cash payments were made on construction:
Date Payments
April 1, 2020 $90,000
May 1, 2020 126,000
June 1, 2020 225,000
July 1, 2020 360,000
The office building was completed on August 1. Compute the weighted-average accumulated expenditures on the construction project during 2020.
$174,000. | ||
$78,000. | ||
$733,500. | ||
$96,000. | ||
$129,000. |
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