Homework Answers
ANSWER:
| Date | Amount | Period | weighted average accumulated expenditure |
|---|---|---|---|
| March 1 | $2088000 | 10 months | $2088000 x (10/12) = $1740000 |
| June 1 | $1236000 | 7 months | $1236000 x (7/12) = $721000 |
| December 31 | $3060460 | 0 months | $3060460 x (0/12) = 0 |
| Total | $6384460 | $2461000 |
therefore, weighted average accumulated expenditure =
$2461000
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