Sheet1BLUE - Input current year informationRED - Input prior
year informationBLACK - FORMULAS PLEASE DO NOT CHANGE
Sheet2COMPLETED SAMPLE WORK-IN-PROGRESS SCHEDULE - EXCEL
SPREADSHEET8Managements Current Estimate of:GROSS PROFIT
(LOSS)CURRENT
COSTSTotalTotalEarnedDirectGrossAppliedAppliedPriorDirectTotalPriorWIPTotalDirectGrossContractUnderContractContractProfitEarnedEarnedGrossLaborEquipTotalPeriodContractEstimatedDirectEstimatedPriorCosts
&PriorContractWIP=1ContractContractProfitPercentBillings(Over)RevenueCosts(LOSS)PriorCurrentProfitCostsCostsCurrentDirectCostsCosts
toContractGrossUnderOverYearBillingsPeriodDescriptionCom=2RevenueCosts(LOSS)CompleteTo
DateBillingsTo DateTo DateTo
DatePeriodPeriodPercentageLaborMaterialsSubsEquipmentOther00CostsCostsTo
DateCompleteCostsProfitsBillingsBillingsBillingsIn
ExcessCostsContract1750,000585,000165,00059.00%100,000344,850444,850347,50097,350100,000-2,65022.00%25,000300,0000022,50000347,5000347,500237,500585,000165,000344,8500000Contract142,83732,83710,00024.00%10,750-55010,2007,8002,4002,40023.34%00007,800007,80007,80025,03732,83710,0000-55000Contract12,047,2191,734,219313,00029.00%296,372293,125589,498498,72890,770090,77015.29%26,6654,931452,0425,05610,03400498,7280498,7281,235,4911,734,219313,000293,1250000Contract1258,000250,5007,50037.00%95,40040495,80393,0282,7753,960-1,1852.91%42,50323,58103,4861000069,67023,35893,028157,472250,5007,500404020,8006,51823,358Contract185,07674,86710,20973.00%50,20412,10662,31054,8577,4537,45312.00%28,8138,00415,3701,0601,6090054,857054,85720,01074,86710,20912,1060000Contract1250,508195,50855,00074.00%203,455-18,418185,038144,33840,7003,75036,95021.96%37,25016,36256,4292347,76700118,04326,295144,33851,171195,50855,0000-18,41872,800-42,75526,295Contract1452,597407,59745,00083.00%352,02725,298377,325339,97537,3504,05033,3009.94%67,957113,11122,96591,6026,86400302,49937,476339,97567,622407,59745,00025,2980041,52637,476Contract11,112,968979,968133,00090.00%896,802108,2941,005,096885,396119,7000119,70011.95%71,465176,258440,523125,99131,71800845,95539,441885,39694,572979,968133,000108,294095,815-56,37439,441Contract1337,859357,859-20,00098.00%300,08731,175331,262351,262-20,000-35,00015,0000.00%19,6452,3614,0852,2382400028,569322,693351,2626,597357,859-20,00031,1750255,46632,227322,693Contract2158,191126,19132,000100.00%158,191472158,663126,66332,00018,40013,60020.23%00000000126,663126,663-472126,19132,0004720147,491-2,4280Contract212,8184,9187,900100.00%12,818-2412,7944,8947,9005507,35061.63%2788201,3270001,6873,2074,894244,9187,9000-2412,818-9,0610Contract2941,014468,014473,000100.00%941,014566941,579468,579473,000243,780229,22050.26%131,511114,08307,6247700253,295215,284468,579-566468,014473,0005660402,46856,5960Contract2536,191376,191160,000100.00%536,191-895535,296375,296160,00073,75086,25029.84%23,3817,44223,5806831,9030056,989318,307375,296895376,191160,0000-895423,590-31,5330Contract2714,263556,263158,000100.00%714,263-2,271711,992553,992158,00027,950130,05022.12%32,40316,7533,3265694,1190057,170496,822553,9922,271556,263158,0000-2,271621,602-96,8300ContractContract178,93563,93515,00043.00%44,000-9,83334,16727,7176,45006,45019.00%000027,7170027,717027,71736,21863,93515,00000000$7,778,4766,213,8671,564,6094,711,574784,2995,495,8734,280,0251,215,848441,190774,658506,872782,9691,018,320239,870122,4470.00.02,670,4791,609,5464,280,0251,933,8426,213,8671,564,609816,290(22,158)2,052,850(102,114)449,263Prior
Year Amounts2,050,7361,609,546441,19021.51%Current Year
Amounts3,445,1372,670,479774,65822.49%Per
GL3,336,5902,061,3651,275,225Difference:108,547609,114(500,567)Costs
in excess of billings816,290Billings in excess of
costs(22,158)$794,132
WIP0Construction Contracts in Progress31-Dec-99GROSS PROFIT
(LOSS)TotalTotalEarnedDirectGrossTotalDirectGrossContractUnderContractContractProfitEarnedEarnedContractContractContractContractProfitPercentBillings(Over)RevenueCosts(LOSS)PriorCurrent#DescriptionRevenueCosts(LOSS)CompleteTo
DateBillingsTo DateTo DateTo
DatePeriodPeriod000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%0000000000000%00000000000000000Recognized
in prior period000000Costs in excess of billings0Billings in excess
of cost0$0
COMPLETED0Construction Contracts
Completed31-Dec-99TotalTotalTotalDirectGrossEarnedEarnedContractContractContractContractProfitPriorCurrent#DescriptionRevenueCosts(LOSS)PeriodPeriod00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
EARNINGS0Earnings From Construction
Contracts31-Dec-99TotalTotalDirectTotalContractContractGrossRevenueCostsProfitConstruction
Contracts Completed0000.00%Construction Contracts in
Progress0000.00%0000.00%
BACKLOG10. CONTRACT BACKLOGThe following schedule is a
reconciliation of contract backlog representing signed contracts
asof December 31, 2006ContractEstimatedEstimatedRevenueDirect
CostsGross ProfitBalance, January 1, 2006New contracts and
adjustments during the year000000Earned during the year000Balance,
December 31, 2006000
OVERUNDERBILLINGS4. COSTS AND ESTIMATED EARNINGS ON CONSTRUCTION
CONTRACTS IN PROGRESSCosts and estimated earnings on construction
contracts in progress contrast related billingsfollows:Direct
contract costs to date0Gross profit to date0Earned contract
revenue0Contract billings to date0Net over under billings0Included
in the accompanying balance sheet under the following
captions:Costs and estimated earnings in excess of
billings0Billings in exess of costs and estimated earnings0Net over
under billings0
