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Inventories. | 9 Months Ended
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Sep. 30, 2021
Inventory Disclosure [Abstract] |
INVENTORIES. | 4. INVENTORIES. Inventories consisted primarily of bulk ethanol, specialty alcohols, corn, essential ingredients and unleaded fuel, and are valued at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Inventory is net of valuation adjustments of $0 and $1,033,000 as of September 30, 2021 and December 31, 2020, respectively. Inventory balances consisted of the following (in thousands):
|  | September 30, 2021 |  |  | December 31, 2020 |
Finished goods |  | $ | 40,836 |  |  | $ | 25,154 |
Work in progress |  |  | 5,539 |  |  |  | 4,333 |
Raw materials |  |  | 10,148 |  |  |  | 7,074 |
Other |  |  | 1,594 |  |  |  | 1,364 |
Total |  | $ | 58,117 |  |  | $ | 37,925 |

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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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