Costs and Estimated Earnings in Excess of Billings

6 Months Ended

Mar. 31, 2020

Note 4 - Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings on uncompleted contracts as of March 31, 2020 and September 30, 2019 consist of the following:


	March 31, 2020		September 30, 2019
Costs incurred on uncompleted contracts	$	17,950,000	$	18,707,000
Estimated earnings		7,489,000		9,063,000

		25,439,000		27,770,000
Billings to date		16,647,000		13,932,000

Costs and estimated earnings in excess of billings	$	8,792,000	$	13,838,000