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Note D - Inventories | 12 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Inventory Disclosure [Text Block] | D . INVENTORIES The major classes of inventories at June 30 were as follows:
|  | 2019 |  |  |  | 2018 |
Finished parts |  | $ | 57,682 |  |  | $ | 49,332 |
Work in process |  |  | 23,812 |  |  |  | 13,183 |
Raw materials |  |  | 44,399 |  |  |  | 21,486 |
|  | $ | 125,893 |  |  |  | 84,001 |
Inventories stated on a LIFO basis represent approximately 52% and 48% of total inventories at June 30, 2019 and 2018, respectively. The approximate current cost of the LIFO inventories exceeded the LIFO cost by $25,709 and $24,630 at June 30, 2019 and 2018, respectively. The Company had reserves for inventory obsolescence of $10,463 and $8,427 at June 30, 2019 and 2018, respectively.

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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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