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During 2017, Kingbird 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, Kingbird 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 | ||||
| Costs incurred to date | $373,700 | $749,360 | $1,070,000 | |||
| Estimated costs to complete | 636,300 | 352,640 | 0 | |||
| Billings to date | 302,000 | 907,000 | 1,620,000 | |||
| Collections to date | 268,000 | 815,000 | 1,425,000 |
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