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

March 1 $2868000

April 1 $273600

May 1 $ 759600

June 1 $ 1017600

July 1 $ 387000

The building was completed and occupied on July 1. To help pay for construction $211,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,007,000, 10% note issued two years ago.

Calculate the weighted average accumulated expenditures