Montgomery Industries spent $500,000 in 2017 on a construction project to build a library. Montgomery also capitalized $25,000 of interest on the project in 2017. Montgomery financed 100% of the construction with a 8% construction loan. The project was completed on September 30, 2018. Additional expenditures in 2018 were as follows:

Feb. 28 $ 81,000

Apr. 30 171,000

Jul. 1 27,000

Sept. 30 55,000

Required: Determine the completed cost of the library. (Do not round intermediate calculations)