Using the percentage of completion method, why is the ending inventory of construction in progress not equal to the accumulated costs incurred to date Explain the amount of the difference ...

Ending inventory of construction in process under the percentageofcomple ...

Using the percentage of completion method, why is the ending inventory of construction in- progress not equal

Question:

Using the percentage of completion method, why is the of construction in- progress not equal to the accumulated costs incurred to date? Explain the amount of the difference.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...