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Note 4 - Inventories

9 Months Ended

Jul. 31, 2014

(4)

Inventories

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

	July 31,		October 31,
	2014		2013
Finished goods	$	5,202,965	$	5,569,539
Work in process		3,329,091		3,160,806
Raw materials		8,506,274		9,284,390
Production supplies		232,550		219,544
Total	$	17,270,880	$	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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