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22 August, 04:24

On March 1, Coronado Industries began construction of a small building. Payments of $814800 were made monthly for three months beginning March 1. The building was completed and ready for occupancy on June 1. In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are

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  1. 22 August, 07:17
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    The weighted-average accumulated expenditures = $407400

    Explanation:

    The weighted-average accumulated expenditures = $814800 (3/12 + 2/12 + 1/12) = $814800 (6/12) = $407400
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