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Inventories and major vendors | 12 Months Ended
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Oct. 31, 2019
Inventories and major vendors |
Inventories and major vendors | Note 5 - Inventories and major vendors Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method. Inventories consist of the following (in thousands):
|  | 2019 |  | 2018
Raw materials and supplies |  | $ | 3,576 |  | $ | 2,711
Work in process |  |  | 791 |  |  | 603
Finished goods |  |  | 3,878 |  |  | 3,799
Totals |  | $ | 8,245 |  | $ | 7,113
Two vendors accounted for 13% and 19% of inventory purchases during the fiscal year ended October 31, 2019, compared to one vendor who accounted for 40% of inventory purchases for the fiscal year ended October 31, 2018. The Company has arrangements with their vendors to purchase product based on purchase orders periodically issued by the Company.

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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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