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How much is the realized gross profit or loss

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Mary Corporation was contracted to construct a warehouse for a price of P13,600,000.

                                                   2018               2019             2020

Costs incurred to date           5,850,000      10,275,000      13,500,000

Estimated cost at completion    13,000,000   13,700,000

Problem 1: How much is the realized gross profit/loss during 2019?

Reference no: EM132755375

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