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2 September, 17:23

Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmith made payments to the construction company of $3000000 on 7/1, $6300000 on 9/1, and $6000000 on 12/31. Weighted-average accumulated expenditures were

a. $3,075,000

b. $3,600,000

c. $9.300.000

d. $15,300,000

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  1. 2 September, 18:41
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    Answer: D - $15,300,000

    Explanation: Weighted average is the summation of all data in a data set. The weighted average accumulated expenditures is the accumulation of expenditures for the period.

    7/1 $3,000,000

    9/1 $6,300,000

    12/31 $6,000,000

    Total of all figures = $15,300,000
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