Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2022

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Costs and Estimated Earnings in Excess of Billings

NOTE 3 - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS

Costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2022 and 2021 consisted of the following:

	September 30,
	2022		2021
Costs incurred on uncompleted contracts	$	12,660,000	$	11,483,000
Estimated earnings		4,780,000		4,395,000
		17,440,000		15,878,000
Billings to date		15,322,000		13,975,000
Costs and estimated earnings in excess of billings	$	2,118,000	$	1,903,000