Question: Current Attempt in Progress Cullumber Construction Inc., which has a calendar year end, has entered into a non - cancellable fixed - price contract for

Current Attempt in Progress
Cullumber Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for \(\$ 2.4\) million beginning September 1,2023, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025. The following data pertain to the construction period.
(a)
Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024.(Round answers to 2 decimal places, e.g.52.75\%.)
Current Attempt in Progress Cullumber

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