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Inventories

9 Months Ended

Jul. 31, 2013

Inventories as of July 31, 2013 and October 31, 2012 consist of the following:



	July 31, 2013		October 31, 2012
Finished goods	$	5,249,689	$	5,909,892
Work in process	4,170,216		3,220,423
Raw materials	9,013,604		9,106,277
Production supplies	203,730		227,427
Total	$	18,637,239	$	18,464,019

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details