At the beginning of 2009 , Florida Road Construction entered into a contract to build a road for the government. Construction will take four years. The following information as of 31 December: 2009 is available for the contract: Total revenue according to contract $10,000,000 Total expected cost $8,000,000 Cost incurred during 2009$1,200,000 Assume that the company estimates percentage complete based on costs incurred as a percentage of total estimated costs. Under the completed contract method, how much revenue. will be reported in 2009 ? During 2009, Argo Company sold 10 acres of prime commercial zoned land to a bulider for $ 5,000,000. The builder gave Argo a $1,000,000 down payment and will pay the remaining balance of $4,000,000 to Argo in 2010. Argo purchased the land in 2002 for $2,000,000. Using the installment method, how much profit will Argo report for 2009 ? During 2009, Accent Toys, which began business in October of that year, purchased 10,000 units of a toy at a cost of $10 per unit in October. The toy sold well in October. In anticipation of heavy December sales, Accent pur-chased 5,000 additional units in November at a cost of $11 per unit. During 2009, Accent sold 12,000 units at a price of $15 per unit. Under the first in, first out (FIFO) method, what is Accent's cost of goods sold for 2009? Using the same information as in the previous question, what would Accent's cost of goods sold be under the weighted average cost method