Question 5 1.25 pts Pitchfork, Inc. began a long-term construction project for a building intended for the company's own use in 20x1. Construction began on January 31, 20x1 and is expected to be complete by the first quarter of 20x2. Payments were made to the contractor on the specific dates given below. The expenditure on January 31 included the cost of land acquired from the contractor for $100,000 Date January 31 May 1 July 31 December 1 Expenditure $300,000 $900,000 $1,020,000 $600,000 Determine the Weighted Average Accumulated Expenditures as of December 31, 20x1: $1,350,000 O $1,510,000 $2,820,000 $1,258,333