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EXCEL - IDEA: XBRL DOCUMENT - GENCOR INDUSTRIES INCFinancial_Report.xls
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v2.4.0.6
Costs and Estimated Earnings in Excess of Billings
12 Months Ended
Sep. 30, 2012
Costs and Estimated Earnings in Excess of Billings [Abstract]  
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 consist of the following:

 

                 
    September 30,  
    2012     2011  

Costs incurred on uncompleted contracts

  $ 4,986,000     $ 7,039,000  

Estimated earnings

    1,518,000       2,059,000  
   

 

 

   

 

 

 
      6,504,000       9,098,000  

Billings to date

    3,056,000       4,648,000  
   

 

 

   

 

 

 

Costs and estimated earnings in excess of billings

  $ 3,448,000     $ 4,450,000