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Note 4 - Inventories

6 Months Ended

Apr. 30, 2014

(4)

Inventories

Inventories as of April 30, 2014 and October 31, 2013 consist of the following:

	April 30, 2014		October 31, 2013
Finished goods	$	5,236,270	$	5,569,539
Work in process		4,028,446		3,617,124
Raw materials		8,927,625		8,828,072
Production supplies		280,293		219,544
Total	$	18,472,634	$	18,234,279

- 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.

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