Weighted-Average Accumulated Expenditures. On April 1, Paine Co. Began Construction of a Small

question 37

Essay

Weighted-Average Accumulated Expenditures.
On April 1, Paine Co. began construction of a small building. Payments of $240,000 were made monthly for four months beginning on April 1. The building was completed and ready for occupancy on August 1. For the purpose of determining the amount of interest cost to be capitalized, calculate the weighted-average accumulated expenditures on the building by completing the schedule below:

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