Question: In 2016, Johnson Construction began work on a contract with a price of $850,000 and estimated costs of $95,000. Data for each year of the

In 2016, Johnson Construction began work on a contract with a price of $850,000 and estimated costs of $95,000. 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

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