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On January 1, 2020, Goodman Company began construction of a building. Expenditures of $600,000 were incurred quarterly throughout the capitalization period, starting in January. The

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On January 1, 2020, Goodman Company began construction of a building. Expenditures of $600,000 were incurred quarterly throughout the capitalization period, starting in January. The building was completed and ready for occupancy on December 31,2020 . For the purpose of determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures on the building during 2020 were $1,500,000.00$600,000.00$3,000,000.00$2,400,000.00

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