Question: In 2014, Omega Construction began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the

In 2014, Omega Construction began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the contract are as follows:

2014 2015 2016

Costs incurred during the year $238,000 $319,600 $105,000

Estimated costs to complete 357,000 139,400 -0-

Partial billings 260,000 210,000 380,000

Collections 240,000 200,000 410,000

Assuming the performance obligation is satisfied over time, what would be the balance in Construction in Progress at the end of 2015?

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I didnt know who to talk to.

Th e complaint department was closed over the lunch hour.

Th ey probably would have treated me like a criminal.