Question: Full excel solution and explanation plz.... During 2021, Cord Builders, Inc. work on a P9,000,000 fixed-price construction contract that was completed in 2022. Cord's accounting

Full excel solution and explanation plz....

Full excel solution and explanation plz.... During 2021, Cord Builders, Inc. work

During 2021, Cord Builders, Inc. work on a P9,000,000 fixed-price construction contract that was completed in 2022. Cord's accounting records disclosed the following: Cumulative contract costs incurred Estimated total cost Compute for the Gross Profit using the following methods: 2021 3,900,000 7,800,000 2022 6,300,000 8,100,000 Year 2022 Completed Contract Method Zero Profit Method Percentage of Completion Method Year 2021 [a] [c] [e] [b] [d] [f]

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