Contracts in Process

12 Months Ended

Jun. 30, 2016

Contractors [Abstract]

Contracts in Process

Note 4. Contracts in Process

Contracts in process at June 30, 2016 and 2015 are as follows:

	2016		2015
Gross contract value	$	39,061,415	$	36,424,194
Costs related to contracts in process, net of progress payments
of $18,313 and $19,626 in fiscal 2016 and 2015	$	8,810,145	$	9,542,423

Included in costs relating to contracts in process at June 30, 2016 and 2015 are costs of $3,944,035 and $3,515,008, respectively, relative to contracts that may not be completed within the ensuing year. Under the units-of-delivery method, the related sale and cost of sales will not be reflected in the statement of comprehensive income until the units under contract are shipped.