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Inventories, Net

12 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 2 - INVENTORIES, NET

Net inventories consist of the following:

		September 30,
		2018				2017
Raw materials		$	11,254,000			$	9,407,000
Work in process			1,020,000				3,098,000
Finished goods			5,924,000				4,166,000
Used equipment			16,000				16,000
		$	18,214,000			$	16,687,000

At September 30, 2018 and 2017, cost is determined by the LIFO method for inventories. The estimated current cost of inventories exceeded their LIFO basis by approximately $4,446,000 and $4,250,000 at September 30, 2018 and 2017, respectively. Slow moving and obsolete inventory reserves were $3,773,000 and $3,826,000 at September 30, 2018 and 2017, 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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