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answer it pleasee On May 1, 20x6, CC Construction Co. entered into a...

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answer it pleasee
On May 1, 20x6, CC Construction Co. entered into a contract to build an apartment complex for P600,000. The percentage of completion method is used. Information related to the contract is as follows: 20x6 20x7 20% 60% Percentage of completion Estimated costs at completion Income recognized (cumulative) 450,000 480,000 30,000 72,000 Question: What is the amount of contract costs incurred during 20x7

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