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Determine the completed cost of the library

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Montgomery industries spent %560000 in 2020 on a construction project to build a library. Montgomery also capitalized $28000 of interest on the project in 2018. Montgomery financed 100% of the construction with a 8% construction loan. the projuce was completed on september 30, 2021 additional expenditures in 2021 were as followed

Feb 28 $86400

Apr 30 176400

July 1 32400

sept 30 60400

Determine the completed cost of the library.

Reference no: EM132386771

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