Given the Following Data, What Is the Balance in Construction-In-Process

Given the following data, what is the balance in construction-in-process at the end of 2006 under the percentage of completion method for a project begun in 2006 with a contract price of $1,100? $\begin{array}{|l|l|l|}\hline & 2006 & 2007 \\\hline \text { Costs incurred this year } & \$ 100 & \$ 200 \\\hline \text { Total estimated costs remaining at end of year } & 700 & 400 \\\hline\end{array}$

A) $100
B) $38
C) $138
D) $400

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