Business, 10.03.2020 00:40 yessy73

Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2021, are presented below:Bid price $ 450,000 Contract cost: 2020 (180,000 )2021 (195,000 )Gross profit: 75,000 Estimated cost to complete:12/31/2020 $ 200,000 12/31/2021 0 Assuming BCC recognizes revenue over time according to percentage of completion for this contract, the gross profit recognized in 2020 would be (rounded to the nearest thousand):A.) 33,000B.) 36,000C.) 69,000D.) 30,000

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Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2021, are presen...

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