Brady construction company contracted to build an apartment

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Reference no: EM13913840

Please help me on this problem I am stuck! I got situation 1 and 2 but after that the answers are wrong even though I am doing everything exactly how I got the answer of situatio 1 and 2. Please help me

Brady Construction Company contracted to build an apartment complex for a price of $6,000,000. Construction began in 2016 and was completed in 2018. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

				Estimated Costs to Complete
	Costs Incurred During Year			(As of the End of the Year)
Situation	2016	2017	2018	2016	2017	2018
1	1,600	2,430	1,200	3,630	1,200	-
2	1,600	1,200	2,800	3,630	2,800	-
3	1,600	2,430	2,400	3,630	2,300	-
4	600	3,100	1,200	4,200	925	-
5	600	3,100	2,000	4,200	2,300	-
6	600	3,100	2,800	5,600	2,600	-

	Gross Profit (Loss) Recognized
	Percentage of Completion			Completed Contract
Situation	2016	2017	2018	2016	2017	2018
1
2
3
4
5
6

Reference no: EM13913840

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