Vermont Cabin Construction Consary uses the percontage-of compietion isethod on a three-year propect with the...
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Vermont Cabin Construction Consary uses the percontage-of compietion isethod on a three-year propect with the cost to-coat method of moasunng progross Compute the petcont completed and the amount of revenue and gross profit to be tecognized for each year based an the following insormation. (Clek the icon to view the contraci iffocmistion) Begin by computing the percentage of completion for each year (Round your answer to the noarest whole porcent) Contract price $700,000 2022 2023 2024 Actual construction costs incurred during the year Estimated total costs $140,000$130,000$160,000 $400,000$360,000$430,000
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