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Inventories

6 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

The components of inventories include the following:

		December 31, 2018				June 30, 2018
Raw materials		$	2,733,205			$	2,309,454
Work in process			2,275,862				2,506,891
Finished goods			2,483,133				2,263,121
Allowance for obsolescence			(755,150	)			(674,725	)
		$	6,737,050			$	6,404,741

The value of tooling in raw materials was approximately $1.8 million and $1.6 million at December 31, 2018 and June 30, 2018, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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