please show step by step. thank youOn March 1, Mocl Co. began construction of a small building. The

following expenditures were incurred for construction:

           March 1                  $  150,000  April 1       $  148,000

             May 1                  360,000      June 1          540,000

            July 1                  200,000

The building was completed and occupied on July 1. To help pay for construction $100,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,000,000, 10% note issued two years ago.

Instructions

Calculate the weighted-average accumulated expenditures.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"