Gutierrez Company Is Constructing a Building

Multiple Choice

Gutierrez Company is constructing a building. Construction began in 2014 and the building was completed 12/31/14. Gutierrez made payments to the construction company of $2,500,000 on 7/1, $5,500,000 on 9/1, and $5,000,000 on 12/31. Weighted-average accumulated expenditures were

A) $2,625,000.
B) $3,083,333.
C) $8,000,000.
D) $13,000,000.