In 2016, Johnson 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: Costs incurred during the year Estimated costs to complete Partial billings Collections B) $659,600 OC) $680,000 2016 $238,000 357,000 260,000 240,000 Assuming the performance obligation is satisfied over time, what would be the balance in Construction in Progress at the end of 2017? OA) $557,600 D) $782,000 2017 $319,600 139,400 210,000 200,000 2018 $105,000 -0- 380,000 410,000

In 2016, Johnson 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: Assuming the performance obligation is satisfied over time, what would be the balance in Construction in Progress at the end of 2017 ? A) $557,600 B) $659,600 C) $680,000 D) $782,000