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Exercise 18-33 During 2017, Marin Company started a construction job with a contract price of $1,610,000. The job was completed in 2019. The following information
Exercise 18-33 During 2017, Marin Company started a construction job with a contract price of $1,610,000. The job was completed in 2019. The following information is available. 2018 2019 2017 Costs incurred to date 366,300 $772,100 $1,063,000 Estimated costs to complete 623,700 330,900 300,000 909,000 1,610,000 271,000 807,000 1,424,000 Billings to date Collections to date Compute the amount of gross profit to be recognized each year assuming the percentage-of-completion method is used Gross profit recognized in 2017 Gross profit recognized in 2018 s Gross profit recognized in 2019
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