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(4 points) Green Construction Co. has consistently used the percentago-of-completion method of recognizing revenue. During 2018, Green entered into a fixed price contract to construct

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(4 points) Green Construction Co. has consistently used the percentago-of-completion method of recognizing revenue. During 2018, Green entered into a fixed price contract to construct an office building for Information relating to the contract is as follows: At December 31 2018 2019 Percentage of completion 15% 40% Estimated total cost at completion 21,000,000 22,400,000 Gross profit recognized (cumulative) 1,400,000 3,360,000 Compute the Contract costs incurred during 2019. Enter your answer Activate Wine Go to Set 84F Sunny O RI 3 E (4 points) Green Construction Co. has consistently used the percentago-of-completion method of recognizing revenue. During 2018, Green entered into a fixed price contract to construct an office building for Information relating to the contract is as follows: At December 31 2018 2019 Percentage of completion 15% 40% Estimated total cost at completion 21,000,000 22,400,000 Gross profit recognized (cumulative) 1,400,000 3,360,000 Compute the Contract costs incurred during 2019. Enter your answer Activate Wine Go to Set 84F Sunny O RI 3 E

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