Question: Ivanhoe Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.9 million beginning September 1,2023, to build a

Ivanhoe Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.9 million beginning September 1,2023, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025. The following data pertain to the construction period. (a) Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024. (Round answers to 2 decimal places, e.8. 52.75%.) Attempts: 0 of 1 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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