Montgomery Industries spent $700,000 in 2023 on a construction project to build a library. Montgomery also capitalized $35,000 of interest on the project in 2023. Montgomery financed 100% of the construction with a 12% construction loan. The project was completed on September 30, 2024. Additional expenditures in 2024 were as follows: February 28 $ 99,000 April 30 July 1 189,000 45,000 September 30 73,000 Required: Determine the completed cost of the library. Note: Do not round intermediate calculations. Completed cost of the library