Compute sheridan weighted-average accumulated expenditures

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Question - Sheridan Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,944,000 on March 1, $1,224,000 on June 1, and $3,072,650 on December 31. Compute Sheridan's weighted-average accumulated expenditures for interest capitalization purposes.

Reference no: EM132425818

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