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On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished and ready for use on
On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $593000 September 1, 2020 1813200 December 31, 2020 1813200 March 31, 2021 1813200 September 30, 2021 1193000 Concord Corporation borrowed $3390000 on a construction loan at 11% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12000000 in 8% bonds outstanding in 2020 and 2021. What were the weighted-average accumulated expenditures for 2020? O $1197400 O $1499600 O $1790400 O $3006200
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