On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction:

March 1		$301,500
April 1		263,000
May 1		733,500
June 1		1,128,000
July 1		397,000

The building was completed and occupied on July 1. To help pay for construction $201,500 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago.

Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter 0 for amounts.)

Date		Expenditures			Capitalization Period		Weighted-Average Accumulated Expenditure
March 1		$301,500			03/122/124/121/12		$
April 1		263,000			4/122/121/123/120
May 1		733,500			3/122/121/124/120
June 1		1,128,000			2/121/1204/123/12
July 1		397,000			3/124/121/122/120
							$

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Calculate avoidable interest. (Round answer to 0 decimal places, e.g. 12,515.)

Avoidable interest

$

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