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Calculate the weighted-average accumulated expenditures

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Reference no: EM132852565

Question - On March 1, Brookmeadow Corp. began construction of a small building. The following expenditures were incurred for construction:

Dates

Expenditures

Mar. 1

$75,000

Apr. 1

84,000

May 1

180,000

June 1

300,000

July 1

100,000

The building was completed and occupied on July 1. To help pay for construction, $ 60,000 was borrowed on March 1 on a 10%, three-year note payable. The only other debt outstanding during the year was a $ 500,000, 8% note issued two years ago.

Required - Calculate the weighted-average accumulated expenditures.

Reference no: EM132852565

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