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

March 1		$313,500
April 1		278,000
May 1		744,000
June 1		1,146,000
July 1		380,000

The building was completed and occupied on July 1. To help pay for construction $213,500 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		$313,500			01/122/123/124/12		$
April 1		278,000			04/123/122/121/12
May 1		744,000			03/122/121/124/12
June 1		1,146,000			1/1203/122/124/12
July 1		380,000			2/121/123/1204/12
							$

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

Avoidable interest

$