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Inventories (Tables)

9 Months Ended

Mar. 31, 2023

Inventories

Inventories

		March 31, 2023				June 30, 2022
Raw materials		$	3,244,826			$	3,019,156
Work in process			3,284,153				2,243,907
Finished goods			3,098,668				3,052,001
Allowance for obsolescence			(1,395,439	)			(1,329,637	)
		$	8,232,208			$	6,985,427

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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