N2018, cupid construction co. (ccc) began work on a two-year fixed price contract project. ccc recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions):

accounts receivable, 12/31/2018 (from construction progress billings) $ 37.5
actual construction costs incurred in 2018 $ 135
cash collected on project during 2018 $ 105
construction in progress, 12/31/2018 $ 207
estimated percentage of completion during 2018 60 %
what are ccc's estimated remaining construction costs on the project at the end of 2018?

(a) $0

(b) $135 million

(c) $225 million

(d) $90 million

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work