A project has a contract value of $125,000, project cost at completion of $100,000, billings to date of $95,000 and cost to date of $75,000. The Company uses the % of Completion method of accounting. Is the project overbilled, underbilled or neither? Underbilled O Overbilled Neither Question 22 1 pts The cost system provides the basis for determining the estimated cost at completion on the WIP (work in Progress) Report. True False