Question: PLEASE SHOW CALUCLATIONS Casper Construction Co has a contract to construct a $675,000. The contract is to start in 2014, and the bridge is to

PLEASE SHOW CALUCLATIONS

Casper Construction Co has a contract to construct a $675,000. The contract is to start in 2014, and the bridge is to be completed in 2016. The following data pertain to the construction period.

Calculate 1) percentage of completion, 2) revenues and 3) gross profits

to be recognized in 2014, 2015 and 2016.

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