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Costs and Estimated Earnings in Excess of Billings
 12 Months Ended
Sep. 30, 2018
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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, 2018 and 2017 consisted of the following:

 

     September 30,  
     2018      2017  

Costs incurred on uncompleted contracts

    $ 17,437,000      $ 10,250,000  

Estimated earnings

      7,335,000        3,161,000  
  

 

 

     

 

 

  
     24,772,000        13,411,000  

Billings to date

      12,872,000        6,643,000  
  

 

 

     

 

 

  

Costs and estimated earnings in excess of billings

    $ 11,900,000      $ 6,768,000