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The following information relates to a project of the Cumberland Construction Company: 2019 2020 20210 Actual total costs incurred to date $100,000 $616,000 $882,000 Estimated

The following information relates to a project of the Cumberland Construction Company: 2019 2020 20210 Actual total costs incurred to date $100,000 $616,000 $882,000 Estimated costs to complete 700,000 264,000 -- The contract price was $1,000,000. Cumberland uses the cost-to-cost method of revenue recognition. What are the TOTAL estimated costs for the contract in 2019? _______________ How much revenue should be recognized in 2019? $___________________ How much gross profit should be recognized in 2019? $___________

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