Question: Star Construction Corp, has a contract to construct a bullding for $ 1 0 , 8 4 7 , 6 0 0 . The building

Star Construction Corp, has a contract to construct a bullding for $10,847,600. The building is controlled by the customer throughout
the term of the contract. Total costs to complete the building were originally estimated at $8,769,200. Construction commenced on 4
$146,800.
Total construction costs incurred in each year were as follows:
Billings (and cash collections) each year were as follows:
Required:
Calculate the revenues and gross profit for the construction project for each Cf the three years assuming the company uses inputs to
measure progress. (Round intermediate calculations to 2 decimal places. Round final answers to nearest whole dollars.)
 Star Construction Corp, has a contract to construct a bullding for

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