Question: View Policies Current Attempt in Progress Cullumber Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Ivanhoe Structures

into a contract beginning in February 2023 to build two warehouses for

View Policies Current Attempt in Progress Cullumber Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Ivanhoe Structures Ltd. The contract is a non-cancellable fixed-price contract for $9.8 million. The following data pertain to the construction period (all figures in thousands). Using the percentage-of-completion method, calculate the percentage complete for each year of the contract. (Round answers to 0 decimal places, e.g. 52%. (b)

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