Question: A contract s cost to date is Sh 5 1 , 0 0 0 , 0 0 0 , profit taken Sh 8 , 1

A contracts cost to date is Sh 51,000,000, profit taken Sh 8,125,000, cash received Sh 38,000,000. The contract is 70% complete and its price is Sh 78,000,000. What is its value of work in progress.

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