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ET Comstruction Comtract: Use the following data for problems 4 1 1 - 1 2 The bi - F id Corominuction Gampany entered nto contrmes

ET Comstruction Comtract: Use the following data for problems 411-12
The bi-F id Corominuction Gampany entered nto contrmes for twon separate projects as follows: compietian Progect AA-o1 was completed doring You 2. bus the project was fow wecks late at compietion
The "Project BB-02" sont:act peice was $4,000, D00. Change urders during vear 2 added $150,000 to the of girlaicontract orice Alsa, in year 2, the Hstimated tatal cost was revesed uowaard ay $400 oco0 fi.e the estimiated of tatal cast was increased!
Nole Project AA-o1 was complered al end of Yent 2 while Project 8 A-oz was still an-gaing at end of Yr.2.
The wercentare-at-comaletion method is used to finandial reooning purposes. The foriowing data gectarms to the separate lane-term constructiun grajects in progress q, As of December 31, Year 1
\table[[As of December 31, Year 1,$1,800,000,$2,050,000||
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