On May 1, 2017, Ethiopia Ltd.began construction of a new building for its own use.Expenditures of $75,000 were incurred monthly for five months beginning on May 1.The building was completed and ready for occupancy on September 1, 2017.For the purpose of determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures on the building during 2017 were

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The weighted-average accumulated expenditures on the building during 2017 are calculated as follows:Month	Expenditures	Weighted-Average Accumulated ExpendituresMay	$75,000	$75,000 x 4/12 = $25,000June	$75,000	$75,000 x 3/12 = $18,750July	$75,000	$75,000 x 2/12 = $12,500August	$75,000	$75,000 x 1/12 = $6,250Total	$375,000	$62,500