Brent Hill Company is constructing a building. Construction began on February 1 and was completed on December

Question:

Brent Hill Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.5 million on March 1, $ 1.2 million on June I, and $3 million on December 31. Calculate Brent Hill's weighted-average accumulated expenditures that would be used for capitalization of borrowing costs.