Question: Need help with this problem l Gia Computer Consultants {GOG} signed a contract in 2015 to develop a computer network system for Robinson Entertainment. Gia

Need help with this problem

Need help with this problem l Gia Computer Consultants {GOG} signed a

l Gia Computer Consultants {GOG} signed a contract in 2015 to develop a computer network system for Robinson Entertainment. Gia uses the percentage-of-completion method and determines its measure of progress using the oost-to-cost approach. The rm provided the following information for 2015. a (Click the icon to view the contract information.) Compute the percentage completed. gross profit recognized. and the amount of the revenue recorded in 2015. Select the formula and enter the amounts into the table below to compute the percentage completed. (Round your answer to the nearest whole percent.) Cumulative :I r |:| = percentage complete :I r |:| = I:% Contract information Contract price Actual consthction costs incurred during the year Estimated total posts Progress billings made during the year Cash collections during the year $

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