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Inventories | 3 Months Ended
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Sep. 30, 2021
Inventories |
4. Inventories | 4. Inventories The components of inventories include the following:
|  | September 30, 2021 |  |  | June 30, 2021 |
Raw materials |  | $ | 4,011,350 |  |  | $ | 3,908,630 |
Work in process |  |  | 2,918,858 |  |  |  | 2,473,070 |
Finished goods |  |  | 2,994,503 |  |  |  | 3,467,105 |
Allowance for obsolescence |  |  | (1,216,230 | ) |  |  | (1,189,218 | )
|  | $ | 8,708,481 |  |  | $ | 8,659,587 |
The value of tooling in raw materials, net of the related allowance for obsolescence, was approximately $2.0 million at both September 30, 2021 and June 30, 2021.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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