how is this done 320587
Aug 29, 2021 | Uncategorized
During 2012, Nilsen Company started a construction job with a contract price of $1,710,000. The job was completed in 2014. The following information is available.
|
|
2012 |
|
2013 |
|
2014 |
| Costs incurred to date |
|
$403,030 |
|
$784,020 |
|
$1,122,000 |
| Estimated costs to complete |
|
579,970 |
|
289,980 |
|
–0– |
| Billings to date |
|
288,700 |
|
902,700 |
|
1,710,000 |
| Collections to date |
|
253,200 |
|
829,400 |
|
1,477,000 |
|
|
|
 |
