Hector Company purchased land for an office site by paying $900,000 cash on January 1,...
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Accounting
Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January 1 and finished December 31, 2019. The following expenditures were incurred for construction
| Date | Expenditures |
| January 1, 2019 | $600,000 |
| April 1, 2019 | $840,000 |
| October 1, 2019 | $1,500,000 |
| December 1, 2019 | $2,400,000 |
Calculate the weighted-average accumulated expenditure on the project during the year 2019 was:
a. $1,735,000
b. $1,805,000
c. $1,880,000
d. $1,800,000
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