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Given the following data, what is the balance in construction-in-process at the end of 2006 under the percentage of completion method for a project begun

Given the following data, what is the balance in construction-in-process at the end of 2006 under the percentage of completion method for a project begun in 2006 with a contract price of $1,100?

2006 2007

Costs incurred this year $100 $200

Total estimated costs remaining at end of year 700 400

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