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On January 2, 2020, Vaughn Manufacturing began the construction of a new citrus processing plant. The automated plant was finished and ready for use on

On January 2, 2020, Vaughn Manufacturing began the 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 $ 613000
September 1, 2020 1804800
December 31, 2020 1804800
March 31, 2021 1804800
September 30, 2021 1195000

Vaughn Manufacturing borrowed $3400000 on a construction loan at 13% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $11900000 in 10% bonds outstanding in 2020 and 2021. What were the weighted-average accumulated expenditures for 2020?

$2999800

$1827600

$1515400

$1214600

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