On January 2, 2020, Jordan River began construction of a new citrus processing plant. The

automated plant was finished and ready for use on September 30, 2021. Expenditures for the

construction were as follows:

January 2, 2020 $ 600,000

March 31, 2020 1,800,000

June 1, 2020 1,200,000

September 1, 2020 1,500,000

December 1, 2020 1,200,000

The company had $ 4,500,000 in 10% bonds outstanding in 2020.

9. a) The weighted-average accumulated expenditures on the construction project during 2020 were

b) What is the avoidable Interest during 2020

c). What is the actual interest cost incurred during 2020 was

d) What is the amount of interest to be capitalized and the journal entry is.

e)What is the total cost of the project.