On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 (a) $322,800 308,400 759,600 (b) 1,170,000 The building was completed and occupied on July 1. To help pay for construction $182,000 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $1,937,000, 10% note issued two years ago. 420,000 Your answer has been saved. See score details after the due date. Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures eTextbook and Media Calculate avoidable interest. Avoidable interest Save for Later Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer

On March 1, Kingbird Co. began construction of a small buliding. The following expenditures were incurred for construction: The building was completed and occupied on July 1. To help pay for construction $182,000 was borrowed on March 1 on a 12%, three year note payable. The only other debt outstanding during the year was a $1,937,000,10%5 note issued two years ago. (a) Your answer has been saved. See score details after the due date. Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures \$ eTextbook and Media Attempts: 1 of 1 used (b) Calculate avoidable interest. Avoidable interest