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During 2017, Bramble Company started a construction job with a contract price of $1,620,000. The job was completed in 2019. The following information is available
During 2017, Bramble Company started a construction job with a contract price of $1,620,000. The job was completed in 2019. The following information is available 2017 2018 2019 $430,000 570,000 301,000 272,000 $819,750 273,250 895,000 807,000 $1,071,000 Costs incurred to date Estimated costs to complete Billings to date Collections to date 0 1,620,000 1,433,000 Your answer is partially correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used Gross profit recognized in 2017 266600 Gross profit recognized in 2018 Gross pront recognized in 20TY
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