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The Rebel Alliance commissioned the Solo Construction Co . to construct a new base on the moon of Endor for a fixed price of $
The Rebel Alliance commissioned the Solo Construction Co to construct a new base on the moon of Endor for a fixed price of $ million. During the first year, Solo Construction Co incurred construction costs of $ million. Estimated costs to complete the construction were $ million at the end of year
The base was completed during the second year, with construction costs for that year totaling $ million.
How much revenue and gross profit or loss will Solo Construction Co recognize in the first and second year if it recognizes revenue upon contract completion?
Note: Enter your answers in whole dollars and not in millions ie $ million should be entered as $ Leave no cells blank be certain to enter O wherever required.
tableYear Year Revenue$$Gross profit,$$
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