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Required Information. The following information apppes to the questions displayed below) In 2021, the Westgate Construction Compeny entered into a contract to construct a road
Required Information. The following information apppes to the questions displayed below) In 2021, the Westgate Construction Compeny entered into a contract to construct a road for Santa Clara County for $10,000,000 The road was completed in 2023 information related to the contracts as follows Cost inturned during the year estinated costs re eate a fan Billings during the war Cath collections caring the year 2823 2922 3,414,000 Westgate recognizes revenue over time eccording to percentage of completion 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three yesni essing the following cos incurred and costs to complete information (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be Indiceted with a minus sign. Costs scarred during the y Estinated costs to complete as of yetis Revenue Gespr 3025
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