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Crane Construction Company uses the percentage-of-completion method. During 2021, the company entered into a fixed-price contract to construct a building for Sherman Company for $23880000.

image text in transcribed Crane Construction Company uses the percentage-of-completion method. During 2021, the company entered into a fixed-price contract to construct a building for Sherman Company for $23880000. The following details pertain to the contract: The amount of construction costs incurred during 2022 was $3060000. $7260000. $6690000. $11778000

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