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On March 1, Whispering Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $286,800 April 1 301,200
On March 1, Whispering Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $286,800 April 1 301,200 May 1 687,600 June 1 July 1 1,095,600 403,000 The building was completed and occupied on July 1. To help pay for construction $198,000 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $2,137,000, 10% note issued two years ago. (a) Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures
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