On March 1, 2020, Lusitania 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. The weighted-average accumulated expenditures on the construction project during 2020 were

a) $ 1,467,000.

b) $ 348,000.

c) $ 258,000.

d) $ 156,000.