Using the following data, compute the total cost of a self-constructed office building.
Percentage of overhead attributable to construction of office building . . . . 25%
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,870,000
Capitalized interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190,000
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . 905,000
Total overhead incurred during year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,630,000