2019 U 2017, Stellar Company started a construction job with a contract price of $1,610,000....
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2019 U 2017, Stellar Company started a construction job with a contract price of $1,610,000. The job was completed in 2019. The following information is available. 2017 2018 Costs incurred to date $405.000 $766,500 $1,076,000 Estimated costs to complete 584,100 328,500 Billings to date 300,000 993.000 1,610.000 Collections to date 267.000 809,000 1,435.000 (e) Compute the amount of gross prot to be recognized each year, assuming the percentage of completion method is used Gross prot recognized in 2017 Gross prot recognized in 2018 Gross prot recognized in 2019 (b)
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