Dozable Enterprises is currently constructing a new office facility. The beginning balance of CIP is $100,000. During the current year Dozable paid the contractor

$600,000 on July 1st, $1,800,000 on September 1st and $2,400,000 on December 31 st. What is the average accumulated expenditure used to compute the amount of

avoidable interest for the year?

$1,000,000 $1,100,000 $2,400,000 $900,000