On March 1, 2020, Chucky Ltd. purchased land for $ 270,000 cash, which they intend to use for their new head office. Construction on the office building began on March 1. The following expenditures were incurred for construction:

Date Expenditures

March 1, 2020 $ 450,000

April 1, 2020 252,000

May 1, 2020 450,000

June 1, 2020 720,000

The office building was completed and ready for occupancy on July 1. To help pay for construction, Chucky borrowed $ 360,000 on March 1, 2020, on a 9%, three-year note payable. Other than this note, the only other debt outstanding during 2020 was a $ 150,000, 10%, six-year note payable dated January 1, 2019.

Question 9 (2 points)

The weighted-average accumulated expenditures on the construction project during 2020 were

Question 9 options:

a)	$ 1,467,000.
b)	$ 348,000.
c)	$ 258,000.
d)	$ 156,000.