Weighted-average accumulated expenditures

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Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,872,000 on March 1, $1,236,000 on June 1, and $3,008,500 on December 31. Compute Hanson’s weighted-average accumulated expenditures for interest capitalization purposes.

Weighted-Average Accumulated Expenditures $

Reference no: EM131268117

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