During Monty Company started a construction job with a contract price of $ The job was completed inDuring Monty Company started a construction job with a contract price of $ The job was completed in
The following information is available.
a
Compute the amount of gross profit to be recognized each year, assuming the percentageofcompletion method is
used.
Gross profit recognized in $
Gross profit recognized in $
Gross profit recognized in $
The following information is available.
Costs incurred to date
Estimated costs to complete
Billings to date
Collections to date
$
$
$
a
Compute the amount of gross profit to be recognized each year, assuming the percentageofcompletion method is used.
Gross profit recognized in
Gross profit recognized in
Gross profit recognized in
