Note D - Inventories

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

D

. INVENTORIES

The major classes of inventories at

June 30

were as follows:

	2019			2018
Finished parts	$	57,682	$	49,332
Work in process		23,812		13,183
Raw materials		44,399		21,486
	$	125,893		84,001

Inventories stated on a LIFO basis represent approximately

52%

and

48%

of total inventories at

June 30, 2019

and

2018,

respectively. The approximate current cost of the LIFO inventories exceeded the LIFO cost by

$25,709

and

$24,630

at

June 30, 2019

and

2018,

respectively. The Company had reserves for inventory obsolescence of

$10,463

and

$8,427

at

June 30, 2019

and

2018,

respectively.