At the end of the first year, the XYZ Team had incurred $550,000 of cost, with the total estimated cost of $1,050,000. Their total estimated revenue is $1,200,000. If the percentage of completion by labor hours expended is 60.8%, calculate the cost of revenue to date,

1. By cost to cost method, using Alternative B.
2. By labor hours expended method, using Alternative B.