Whispering company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $1,944,000 on march 1, $1,224,000 on june 1, and $3,072,650 on december 31.
compute whispering’s weighted-average accumulated expenditures for interest capitalization purposes.

Answer and Explanation:

The weighted-average accumulated expenditure method will be used to compute the interest amount to be capitalized for a qualifying asset. Then the expenditure incurred during a particular month shall be multiplied by that month's outstanding and the sum is later divided over the total months in a given period.

(Check the attachment below for the computation of Whispering’s weighted-average accumulated expenditures for interest capitalization purposes.)

Therefore, Whispering's weighted-average accumulated expenditures for interest capitalization purposes is $2,334,000.

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