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What are the weighted-average accumulated expenditures

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Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6456000 on March 1, $5280000 on June 1, and $7950000 on December 31.

Sheffield Corp.borrowed $3160000 on January 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6450000 note payable and an 12%, 4-year, $12550000note payable.

What are the weighted-average accumulated expenditures?

Reference no: EM132316650

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