On April 1, Paine Co. began construction of a small building. Payments of $221,760 were made monthly for four months beginning on April 1. The building was completed and ready for occupancy on August 1. For the purpose of determining the amount of interest cost to be capitalized, calculate the weighted-average accumulated expenditures on the building by completing the schedule below:

Date Expenditures Capitalization Period Weighted-Ave. Accum. Expend.

April 1 $221,760 4/12 x

May 1 $221,760 3/12 x

June 1 $221,760 2/12 x

July 1 $221,760 1/12 x

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July 1