1.On March 1, Mocl Co. began construction of a smallbuilding. The following expenditures were incurred forconstruction:
1/3 $75000 1/4 74000
1/5 180000 1/6 270000
1/7 100000
The building was completed and occupied on July 1(1/7) . To helppay for construction $50,000 was borrowed on March 1 on a 12%,three-year note payable. The only other debt outstanding during theyear was a $500,000,10% note issued two years ago.

The weighted-average accumulated expendituresis