21 Recognition Of Profit Percentage Of Completion In 2014 Gurney Construction Compan 2276840
21) (Recognition of Profit, Percentage-of-Completion)In 2014, Gurney Construction Company agreed to construct an apartment building at a price of $1,200,000. The information relating to the costs and billings for this contract is shown below. Instructions (a) Assuming that the percentage-of-completion method is used, (1) compute the amount of gross profit to be recognized in 2014 […]