Hi Please encode your solution Zebastian Builders, Inc employs the cost to cost method in determining the percentage of completion for revenue recognition The company's records show the following information on a recently completed project for a contract price of Php15,000,000 2019 2020 2021 Costs incurred to date 2,700,000 9,150,000 Gross profit (loss) 300,000 1,050,000 (150,000) The percentage of completion in 2019 The estimated costs to complete the project on December 31, 2020 The actual cost incurred during the year 2021 Revenue recognized in 2020

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Question: Hi! Please encode your solution. Zebastian Builders, Inc. employs the cost-to-cost method in determining the percentage of completion for revenue recognition. The company's records show

Hi! Please encode your solution.

Zebastian Builders, Inc. employs the cost-to-cost method in determining the percentage of completion for revenue recognition. The company's records show the following information on a recently completed project for a contract price of Php15,000,000.

	2019	2020	2021
Costs incurred to date	2,700,000	9,150,000	?
Gross profit (loss)	300,000	1,050,000	(150,000)

The percentage of completion in 2019.
The estimated costs to complete the project on December 31, 2020
The actual cost incurred during the year 2021.
Revenue recognized in 2020.

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