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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $227,040 1 220,440 May 1

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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $227,040 1 220,440 May 1 June 1 July 1 548,760 812,160 301,800 The building was completed and occupied on July 1. To help pay for construction $138,960 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 O for amounts.) Weighted-Average Accumulated Expenditure Capitalization Period Date Expenditures March 1 April 1 May 1 June 1 uly 1 $227,040 220,440 548,760 812,160 301,800 Weighted-Average Accumulated Expenditure Capitalization Period Date Expenditures March 1 $227,040 220,440 548,760 812,160 301,800 April 1 May 1 June 1 July 1 Calculate avoidable interest. (Round answer to 0 decimal places, e.g. 12,515.) Avoidable interest

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