Question

Messersmith company is constructing a building. construction began in 2014 and the building was completed 12/31/14. messersmith made payments to the construction company of $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31. weighted-average accumulated expenditures were

Answer 1

The answer is, "weighted-average accumulated expenditures were $2,400,000".
we can calculate this as;
payments made are:
$2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31
So,
($2,000,000 × 6/12) + ($4,200,000 × 4/12
= $2,400,000