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Costs and Estimated Earnings in Excess of Billings
9 Months Ended
Jun. 30, 2022
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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, 2022 and September 30, 2021 consist of the following:
 
     June 30, 2022      September 30, 2021  
Costs incurred on uncompleted contracts
   $ 20,074,000      $ 11,483,000  
Estimated earnings
     6,279,000        4,395,000  
    
 
 
    
 
 
 
       26,353,000        15,878,000  
Billings to date
     24,987,000        13,975,000  
    
 
 
    
 
 
 
Costs and estimated earnings in excess of billings
   $ 1,366,000      $ 1,903,000