Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2013 and was completed in 2015. The following are a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars
Costs Incurred During Year
Situation 2013 2014 2015
1 1,500 2,100 900 3,000 900 %u2014
2 1,500 900 2,400 3,000 2,400 %u2014
3 1,500 2,100 1,600 3,000 1,500 %u2014
4 500 3,000 1,000 3,500 875 %u2014
5 500 3,000 1,300 3,500 1,500 %u2014
6 500 3,000 1,800 4,600 1,700 %u2014
Estimated Costs to Complete (As of the end of the year)
Situation 2013 2014 2015
- 1 3,000 900
- 2 3,000 2,400
- 3 3,000 1,500
- 4 3,500 875
- 5 3,500 1,500
- 6 4,600 1,700