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In 2012, Gurney Construction Company agreed to construct an apartment building at a price of $1,792,000. The information relating to the costs and billings for

In 2012, Gurney Construction Company agreed to construct an apartment building at a price of $1,792,000. The information relating to the costs and billings for this contract is shown below.

2012

2013

2014

Costs incurred to date

$360,360

$810,300

$1,107,000

Estimated costs yet to be incurred

640,640

284,700

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