On March 1, 2017,PinaConstruction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a
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Question:
On March 1, 2017,PinaConstruction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,340,000. The building was completed by October 31, 2019. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2017, 2018, and 2019 are given below:
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