Costs and Estimated Earnings in Excess of Billings

9 Months Ended

Jun. 30, 2018

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Costs and Estimated Earnings in Excess of Billings

Note 4 – Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings on uncompleted contracts as of June 30, 2018 and September 30, 2017 consist of the following:

	June 30, 2018		September 30, 2017
Costs incurred on uncompleted contracts	$	15,408,000	$	10,250,000
Estimated earnings		5,741,000		3,161,000
		21,149,000		13,411,000
Billings to date		12,813,000		6,643,000
Costs and estimated earnings in excess of billings	$	8,336,000	$	6,768,000