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Manara Construction Company began workig on a contract on June 2018, to construct a 16,500,000 building that is expected to be completed in November 2019,

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Manara Construction Company began workig on a contract on June 2018, to construct a 16,500,000 building that is expected to be completed in November 2019, at an estimated cost of 12,000,000. At the end of 2018, the costs to date were 4,800,000 and the estimated costa complete was $ 7,200,000. The progress billings during 2018 were 3,200,000 and the cash collected during 2018 was 2.050 000 Maram uses the percentage of completion method What amount would Manara report in Construction in Process at December 31, 2018? OA 1.800.000 B. 4,800,000 6,600,000 D 4,260,000 0 0 0 0

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