Hector Company purchased land for an office site by paying $900,000 cash on January 1,...
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Accounting
Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January 1 and finished December 31, 2019. The following expenditures were incurred for construction
Date
Expenditures
January 1, 2019
$600,000
April 1, 2019
$840,000
October 1, 2019
$1,500,000
December 1, 2019
$2,400,000
Calculate the weighted-average accumulated expenditure on the project during the year 2019 was:
a. $1,735,000
b. $1,805,000
c. $1,880,000
d. $1,800,000
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