[Solved] Use the Following to Answer Questions

Question 292
Essay

Use the following to answer questions
Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,800,000.The project was begun in 2015 and completed in 2016.Cost and other data are presented below:
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-Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.Required: Compute the amount of gross profit recognized during 2015 and 2016.

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