[CPAfit]

I will start with this

Long Term Contracts – % of Completion Method

Use the following 4 steps 🙂

1. Total Contact – Estimated Cost = Estimated Profit

2. Cost to Date / Estimated Cost = % of Completion

3. Estimated Total Profit X % of Completion = GP to Date

4. GP to Date – GP to Date from Prior Period = GP for Current Period

AUD - 82
BEC - 78
FAR - 78
REG - 83

HIYA!

NH Licensed CPA - Jun 2018