COMPLETED SAMPLE WORK-IN-PROGRESS SCHEDULE - EXCEL

Managements Current Estimate of:

Total
Total
Total
Direct
Gross
Contract Contract
Profit Percent
Revenue
Costs
(LOSS)Complete

Contract WIP=1
Description Com=2
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract

1
1
1
1
1
1
1
1
1

750,000
585,000
42,837
32,837
2,047,219 1,734,219
258,000
250,500
85,076
74,867
250,508
195,508
452,597
407,597
1,112,968
979,968
337,859
357,859

Contract
Contract
Contract
Contract
Contract
Contract
Contract

2
2
2
2
2

158,191
12,818
941,014
536,191
714,263

78,935
$7,778,476

Earned
Contract
Revenue
To Date

Direct
Contract
Costs
To Date

100,000 344,850
444,850
10,750
-550
10,200
296,372 293,125
589,498
95,400
404
95,803
50,204 12,106
62,310
203,455 -18,418
185,038
352,027 25,298
377,325
896,802 108,294 1,005,096
300,087 31,175
331,262

347,500
7,800
498,728
93,028
54,857
144,338
339,975
885,396
351,262

Contract
Billings
To Date

Under
(Over)
Billings

165,000
10,000
313,000
7,500
10,209
55,000
45,000
133,000
-20,000

59.00%
24.00%
29.00%
37.00%
73.00%
74.00%
83.00%
90.00%
98.00%

126,191
4,918
468,014
376,191
556,263

32,000
7,900
473,000
160,000
158,000

100.00%
100.00%
100.00%
100.00%
100.00%

158,191
12,818
941,014
536,191
714,263

472
-24
566
-895
-2,271

158,663
12,794
941,579
535,296
711,992

126,663
4,894
468,579
375,296
553,992

63,935
###

15,000
1,564,609

43.00%

44,000
4,711,574

-9,833
###

34,167
###

27,717
###

Prior Year Amounts

###

###

Current Year Amounts

###

###

Per GL
Difference:
Costs in excess of billings
Billings in excess of costs

###
108,547
###
###
###

###
609,114

GROSS PROFIT (LOSS)

Gross
Profit
(LOSS)
To Date

Earned
Prior
Period

Earned
Gross
Current
Profit
Periodercentage

97,350
2,400
90,770
2,775
7,453
40,700
37,350
119,700
-20,000

100,000

32,000
7,900
473,000
160,000
158,000

18,400 13,600
550
7,350
243,780 229,220
73,750 86,250
27,950 130,050

6,450
###

0
3,960
3,750
4,050
0
-35,000

0
441,190

441,190

21.51%

774,658

22.49%

CURRENT COSTS

-2,650
2,400
90,770
-1,185
7,453
36,950
33,300
119,700
15,000

6,450
###

22.00%
23.34%
15.29%
2.91%
12.00%
21.96%
9.94%
11.95%
0.00%

Labor aterials

Subs uipment

Other

Applied
Labor
Costs
0

25,000 300,000
0
0
26,665
4,931
42,503 23,581
28,813
8,004
37,250 16,362
67,957 113,111
71,465 176,258
19,645
2,361

0
0
0
0
452,042
5,056
0
3,486
15,370
1,060
56,429
234
22,965 91,602
440,523 125,991
4,085
2,238

22,500
7,800
10,034
100
1,609
7,767
6,864
31,718
240

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

347,500
7,800
498,728
69,670
54,857
118,043
302,499
845,955
28,569

0
0
0
0
0

0
0
0
0
0

0
1,687
253,295
56,989
57,170

27,717
2,670,479

20.23%
0
0
61.63%
278
82
50.26% 131,511 114,083
29.84% 23,381
7,442
22.12% 32,403 16,753
19.00%

0
###

0
###

0
0
0
23,580
3,326

0
1,327
7,624
683
569

0
0
77
1,903
4,119

0
###

0
###

27,717
###

Applied
Equip
Costs
0

Total
Current
Costs

0
-

###
###

Prior
Period
Direct
Costs

Direct
Contract
Costs
To Date

Estimated
Costs to
Complete

0
0
0
23,358
0
26,295
37,476
39,441
322,693

347,500
7,800
498,728
93,028
54,857
144,338
339,975
885,396
351,262

237,500
25,037
1,235,491
157,472
20,010
51,171
67,622
94,572
6,597

585,000
32,837
1,734,219
250,500
74,867
195,508
407,597
979,968
357,859

126,663
3,207
215,284
318,307
496,822

126,663
4,894
468,579
375,296
553,992

-472
24
-566
895
2,271

126,191
4,918
468,014
376,191
556,263

32,000
7,900
473,000
160,000
158,000

27,717
36,218
63,935
### 1,933,842 6,213,867

15,000
###

0
1,609,546

Total
DirectEstimated
Contract
Gross
Costs
Profits

Under
Billings

Over
Billings

Prior
Prior Costs &
Year Billings
Billingsn Excess

165,000 344,850
10,000
0
313,000 293,125
7,500
404
10,209 12,106
55,000
0
45,000 25,298
133,000 108,294
-20,000 31,175

0
-550
0
0
0
-18,418
0
0
0

0
0
0
20,800
0
72,800
0
95,815
255,466

0
6,518
0
-42,755
41,526
-56,374
32,227

0
0
0
23,358
0
26,295
37,476
39,441
322,693

472
0
566
0
0

0
-24
0
-895
-2,271

147,491
12,818
402,468
423,590
621,602

-2,428
-9,061
56,596
-31,533
-96,830

0
0
0
0
0

0
###

0
###

0
###

0
###

0
###

WIP
Prior
Period
Costs

#REF!
Construction Contracts Completed
#REF!

Contract
#
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!
#REF!

Contract
Description
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!
#REF!

Total
Contract
Revenue
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Total
Direct
Contract
Costs
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Total
Gross
Profit
(LOSS)
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Earned
Prior
Period
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

#REF!

#REF!

#REF!

#REF!

#REF!

#REF!

4. COSTS AND ESTIMATED EARNINGS ON CONSTRUCTION CONTRACTS IN PROGRESS

Costs and estimated earnings on construction contracts in progress contrast related billings
follows:
Direct contract costs to date
Gross profit to date
Earned contract revenue
Contract billings to date
Net over under billings

#REF!
#REF!
#REF!
#REF!
#REF!

Included in the accompanying balance sheet under the following captions:

Costs and estimated earnings in excess of billings
Billings in exess of costs and estimated earnings
Net over under billings

#REF!
#REF!
#REF!