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question problem 18a 11 on march 1 2014 pechstein construction company contracted to 4277326

Question

Problem 18A-11 On March 1, 2014 Pechstein Construction Company contracted to are given below. october 31, 2016. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2014, 2015, and 2016 2014 2015 2016 $2,188,800 $1.694,800 $1 664A00 Contract costs incurred during the year 1,664A00 Estimated costs to complete the contract at 12/31 2,675 200 2,432,000 2,660,000 1,292,000 Billings to Fabrik during the year Using the percentage of completion method, compute the profit or to be recognized as a result of this contract for the years ended December 31, 2014, 2015, and 2016. (1gnore income taxes.) (Enter loss amounts using either a negative sign preceding the numbereg. 4s orparentheses eg. 2014 Profit (Loss) LINK TO TEXT using the completed contract method compute the profit or loss to be recognized as a result of this contract for the years ended Decembe 2014, 201 and 2016 (Ignore incomes taxes.) (Enter 3, loss amounts using either a sign p the number or parentheses eg. (45).) 2016 2015 2014 Profit (Loss) s click if you would like to show work for this question: Show work

 

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