Completion : Percentage-of-Com Philbrick Company and Completed Contract Methods signed a three-year contract to provide sales training to the employees of Elliot The contract price is $1200 per employee and the estimated number of employees to be Comipds 400. he expected number to be trained in each year and the expected training costs follow. Number of employees 125 200 75 400 Training costs incurred $ 60,000 75,000 40,000 $175,000 2017.... Total REQUIRED a. For each year, compute the revenue, expense, and gross profit reported assuming reven recognized using the following method 1. P ercentage-of-completion method, where percentage-of-completion is determined by the number of employees trained. Percentage-of-completion method, where percentage-of-completion is determined by the costs incurred. Completed contract method. 2. 3. hich method d o you believe is most appropriate in this situation? Explain