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Mueller Cabin Construction Company uses the percentage-of-completion method, with the cost-to-cost method of measuring progress. Compute the percentage completed and the amount of revenue and

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Mueller Cabin Construction Company uses the percentage-of-completion method, with the cost-to-cost method of measuring progress. Compute the percentage completed and the amount of revenue and gross profit to be recognized for each year based on the following information. (Click the icon to view the contract information.) Begin by computing the percentage-of-completion for each year. (Round your answer to the nearest whole percent.) 2015 2016 2017 Cumulative percent complete % Next compute the amount of revenue and gross profit to be recognized for each year. (Enter "0" for any zero amounts. Enter the percentages to the nearest whole percent.) 2015 2016 2017 - X Contract Information % % Revenue and Gross Profit Recognition Contract price Percent complete Cumulative revenue Revenue recognized in prior years Current year revenue $ 740,000 Contract price 2015 2016 2017 Less: Actual costs Actual construction costs incurred during the year Estimated total costs $ 186,750 $ 45,300 $ 206,950 439,000 Gross profit recognized in the current year $ 415,000 $ 357,000 $ Enter any number in the edit fields and then continue to the next

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