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On January 2, 2020, Sheridan Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September
On January 2, 2020, Sheridan Company 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 $ 608000 September 1, 2020 1803600 December 31, 2020 1803600 March 31, 2021 1803600 September 30, 2021 1210000 Sheridan Company borrowed $3360000 on a construction loan at 13% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12000000 in 10% bonds outstanding in 2020 and 2021. What were the weighted average accumulated expenditures for 2020? O $1509800 $1817200 O $3013600
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