Business, 12.02.2021 08:00 alissalhenry

Warner Builders was contracted to build a high-rise for $35,000,000. Construction began in 2021 and is expected to be completed in 2023. Data for 2021 and 2022 are: 2021 2022 Costs Incurred to Date 4,500,000 13,000,000 Estimated Costs to Complete 18,000,000 12,000,000 Warner uses the cost to cost method. If the company charged the customer $4,100,000 in progress billings during 2021, how much net inventory will the company report on its balance sheet in 2021

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Warner Builders was contracted to build a high-rise for $35,000,000. Construction began in 2021 and...