Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2019

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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, 2019 and 2018 consisted of the following:

	September 30,
	2019		2018
Costs incurred on uncompleted contracts	$	18,707,000	$	17,437,000
Estimated earnings		9,063,000		7,335,000
		27,770,000		24,772,000
Billings to date		13,932,000		12,872,000
Costs and estimated earnings in excess of billings	$	13,838,000	$	11,900,000