Homework: Week One Question 3, BE8-17 (simi.. HW Score: 9.09%, 1 of 11 points Part 1 of 2 Score: 0 of 1 Save Choco Cabin Construction Company uses the percentage-of-completion method, with the cost-to-cost method of measuring progress. Compute the percentage completed and the amount of revenue and gross profit to be recognized for each year based on the following information. (Click the icon to view the contract information.) Begin by computing the percentage-of-completion for each year. (Round your answer to the nearest whole percent.) 2015 2016 2017 - X Cumulative percent complete % % Contract Information $ 720,000 Contract price 2015 2016 2017 Actual construction costs incurred during the year 103,000 $ 127, 100 $ 208,900 Estimated total costs 412,000 $ 354,000 $ 439,000 Print Done Enter any number in the edit fields and then click Check Answer. Clear All Final Check Help Me Solve This e Text Pages Get More Help 11:40 PM O n 81'F Partly cloudy 92 (16 8/11/2021 Type here to search