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Inventories (Tables)
 12 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Net Inventories
Net inventories consist of the following:
 
   September 30, 
 
 
2019
 
 
2018
 
       (as adjusted) 
Raw materials
  $14,158,000   $13,470,000 
Work in process
   1,397,000    1,247,000 
Finished goods
   9,811,000    7,157,000 
Used equipment
   —      16,000 
   
 
 
   
 
 
 
Inventories, net
  $25,366,000   $21,890,000 
   
 
 
   
 
 
 
Schedule Of Retrospective Application of Change In Accounting Method Of Inventory
As a result of the retrospective application of this change in accounting method, the following financial statement line items within the accompanying fiscal 2018
consolidated
 
financial statements were adjusted, as follows:
 
   As Originally
Reported under LIFO		   Effect of
Change		   As Reported
under FIFO		 
Consolidated Balance Sheets
               
ASSETS
               
Inventories, net
  $18,214,000   $3,676,000   $21,890,000 
Prepaid expenses
   1,904,000    (556,000)    1,348,000 
LIABILITIES & SHAREHOLDERS’ EQUITY
               
Deferred and other income taxes
   2,358,000    282,000    2,640,000 
Retained earnings
   128,863,000    2,838,000    131,701,000 
Consolidated Income Statements
               
Cost of goods sold
  $71,993,000   $(175,000)   $71,818,000 
Income before income tax expense
   14,889,000    175,000    15,064,000 
Income tax expense
   2,325,000    45,000    2,370,000 
Net income
  $12,564,000   $130,000   $12,694,000 
Basic earnings per common share
  $0.87   $0.01   $0.88 
Diluted earnings per common share
  $0.85   $0.01   $0.86 
Consolidated Statements of Cash Flows
               
Net income
  $12,564,000   $130,000   $12,694,000 
Deferred and other income taxes
   757,000    (495,000)    262,000 
Inventories
   (1,527,000)    (175,000)    (1,702,000) 
Prepaid expenses
   (244,000)    556,000    312,000 
Accrued expenses
   (341,000)    (16,000)    (357,000)