P18-15 - Billings 2012 1,800,000 Ending Balance 2012...

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P18-15 (a) Billings Partial billings 2010 1,400,000 Construction costs incurred 1,140,000 Balance 260,000 Costs Balance 2010 (deficit) (260,000) Construction costs 2,150,000 Balance 1,890,000 Loss 2011 300,000 Balance 1,590,000 Billings 2011 1,100,000 Ending Balance 2011 490,000 Balance 2011 490,000 Construction costs 2012 1,510,000 Balance 2,000,000 Loss 2012 100,000
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Balance 1,900,000
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Unformatted text preview: Billings 2012 1,800,000 Ending Balance 2012 100,000 (b) Contract 4,400,000 Costs Incurred 1,140,000 Costs to complete 2,660,000 Estimated contract cost 3,800,000 Expected gross profit 600,000 Contract 4,400,000 Costs Incurred 3,290,000 Costs to complete 1,410,000 Estimated contract cost 4,700,000 Loss (300,000)...
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P18-15 - Billings 2012 1,800,000 Ending Balance 2012...

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