27. Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 May 1 July 1 222,000 225,000 540,000 300,000 April 1 June 1 The building was comp $150,000 was borrowed on March debt outstanding during the year was a $1,500,000, 10% note issued two years ago. Instructions (a) Calculate the weighted-average accumulated expenditures. leted and occupied on July 1. To help pay for construction l on a 12%, three-year note payable. The only other (b) Calculate avoidable interest