Question
Brady Construction Company contracted to build an apartment complex for a price of $6,800,000. Construction began in 2018 and was completed in 2020. The following
Brady Construction Company contracted to build an apartment complex for a price of $6,800,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.
Estimated Costs to Complete | ||||||||||||
Costs Incurred During Year | (As of the End of the Year) | |||||||||||
Situation | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | ||||||
1 | 1,680 | 2,670 | 1,440 | 4,110 | 1,440 | |||||||
2 | 1,680 | 1,440 | 3,120 | 4,110 | 3,120 | |||||||
3 | 1,680 | 2,670 | 3,040 | 4,110 | 2,940 | |||||||
4 | 680 | 3,180 | 1,360 | 4,760 | 965 | |||||||
5 | 680 | 3,180 | 2,560 | 4,760 | 2,940 | |||||||
6 | 680 | 3,180 | 3,600 | 6,355 | 3,320 | |||||||
Required: Complete the following table. (Do not round intermediate calculations. Enter answers in dollars. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.)
Answer is not complete.
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