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Hurst Manufacturing spent $640,000 in 2020 on a construction project to build a...

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Accounting

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Hurst Manufacturing spent $640,000 in 2020 on a construction project to build a new facility. Hurst also capitalized $32,000 of interest on the project in 2020. Hurst financed 100% of the construction with a 12% construction loan. The project was completed on September 30, 2021. Additional expenditures in 2021 were as follows: Feb. 28 Apr. 30 Jul. 1 Sept. 30 $ 93,600 183,600 39,600 67,600 Required: Determine the completed cost of the new facility. (Do not round intermediate calculations.) Completed cost of the facility

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