Montgomery Industries spent $700,000 in 2017 on a construction project to build a library. Montgomery also capitalized $35,000 of interest on the project in 2017, Montgomery financed 100% of the construction with a 12% construction loan The project was completed on September 30, 2018. Additional expenditures in 2018 were as follows: $ 99,000 189,000 45,000 73,000 Feb. 28 Apr. 30 Jul. 1 Sept. 30
Required Determine the completed cost of the library. (Do not round intermediate calculations.) Completed cost of the library 747.960
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Home » Business » Montgomery Industries spent $700,000 in 2017 on a construction project to build a library. Montgomery also capitalized $35,000 of interest on the project in 2017, Montgomery financed 100% of the construction with a 12% construction loan The project