Question: Pharoah Construction entered into a contract to construct a bridge for a contract price of $ 2 . 9 5 million. Construction began in 2
Pharoah Construction entered into a contract to construct a bridge for a contract price of $ million. Construction began in and was completed in Below are the details of the transactions related to the contract:
Costs incurred during the year
$
Estimated costs to complete
$
Calculate the revenue, expense and gross profit to be recognized each year using the percentageofcompletion method. Round the percentage completion to decal places, eg and other answers to decimal places, eg
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