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Brief Exercise 10-2 Your answer is incorrect. Try again. Pina Company is constructing a building. Construction...

Brief Exercise 10-2

Incorrect answer. Your answer is incorrect. Try again.
Pina Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,072,650 on December 31. Compute Pina’s weighted-average accumulated expenditures for interest capitalization purposes.
Weighted-Average Accumulated Expenditures $

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Answer #1
Date Expenditure Time period Average expenditure
March 1 2052000 10/12 1710000
June 1 1200000 7/12 700000
December 31 3072650 0 0
2410000
Weighted-Average Accumulated Expenditures 2410000
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