During 2025, Pharoah Company started a construction job with a contract price of $1,620,000. The job was completed in 2027. The following information is available. Costs incurred to date Estimated costs to complete Billings to date Collections to date 2025 $373,700 636,300 303,000 273,000 2026 $902,000 198,000 899,000 807,000 2027 $1,070,000 -0- 1,620,000 1,412,000 M

During 2025, Pharoah Company started a construction job with a contract price of $1,620,000. The job was completed in 2027 . The following information is available. Current Attempt in Progress During 2025, Pharoah Company started a construction job with a contract price of $1,620,000. The job was completed in 2027 . The following information is available (a) - 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 2025 Gross profit recognized in 2026 Gross profit recognized in 2027 S