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Sandhill Construction Company uses the percentage - of - completion method of accounting. In 2 0 2 0 , Sandhill began work under contract #E

Sandhill Construction Company uses the percentage-of-completion method of accounting. In 2020, Sandhill began work under contract #E2-D2, which provided for a contract price of $2,165,000. Other details follow:
\table[[,2020,2021],[Costs incurred during the year,$590,520,$1,409,000
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