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The Leto Construction Company began work on a $12.000 contract on 1/1/20. Planned completion was in 2022. The Percentage of Completion method is used Given

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The Leto Construction Company began work on a $12.000 contract on 1/1/20. Planned completion was in 2022. The Percentage of Completion method is used Given the following Conte incurred to date Estimated costs to complete Biting to dete Collection to dete 2020 $2,500 7.500 4.000 3.800 December 31 2021 $4,200 6.100 6,000 6.300 2022 $11,650 0 12.000 11,900 The 12/31/21 bloc of Construction in Progress is Sectone $4300 Ob 55.040 De 55.000 Od $4200 D400

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