Compute Cheyenne weighted-average accumulated expenditures

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Question - Cheyenne Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,848,000 on March 1, $1,248,000 on June 1, and $3,085,270 on December 31. Compute Cheyenne's weighted-average accumulated expenditures for interest capitalization purposes.

Reference no: EM132600003

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