Exhibit 17-1 in 2014, Omega Construction Began Work on a Contract

Multiple Choice

Exhibit 17-1 In 2014, Omega Construction began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the contract are as follows:
-Refer to Exhibit 17-1. Under the percentage-of-completion method of revenue recognition, the net amount reported for construction in progress inventory at the end of 2015 would be

A) $ 87,600
B) $189,600
C) $210,000
D) $312,000