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Crane Construction Company uses the percentage of completion method. In 2024, Crane began work on a contract for $10,900,000 and it was completed in 2025.

Crane Construction Company uses the percentage of completion method. In 2024, Crane began work on a contract for $10,900,000 and it was completed in 2025. Data on the costs are as follows: 2025 Costs Incurred $3,885,000 Estimated Costs 2024 to Complete $2,590,000 $2.790,000 What is the gross profit Crane should record in 2024?

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