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Montgomery Industries spent $580,000 in 2020 on a construction project to build a library. Montgomery also capitalized $29,000 of interest on the project in 2020.

Montgomery Industries spent $580,000 in 2020 on a construction project to build a library. Montgomery also capitalized $29,000 of interest on the project in 2020. Montgomery financed 100% of the construction with a 10% construction loan. The project was completed on September 30, 2021. Additional expenditures in 2021 were as follows:

Feb. 28 $ 88,200
Apr. 30 178,200
Jul. 1 34,200
Sept. 30 62,200

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

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