XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Inventories
3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORIES

3. 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 a valuation adjustment of $0 and $4,612,000 as of March 31, 2023 and December 31, 2022, respectively. Inventory balances consisted of the following (in thousands):

 

  

March 31,
2023

  

December 31,
2022

 
Finished goods  $44,309   $47,736 
Work in progress   5,321    6,396 
Raw materials   16,055    11,197 
Other   1,462    1,299 
Total  $67,147   $66,628