INVENTORIES (Details) (USD $)	Mar. 31, 2013	Jun. 30, 2012
Raw materials	$ 43,880,141	$ 21,486,439
Finished goods	21,184,344	29,061,437
Inventory, Gross	65,064,485	50,547,876
Less: allowance for obsolescence	(116,338)	(115,597)
Inventories, net	$ 64,948,147	$ 50,432,279

The amount of the valuation account as of the balance sheet date which reduces the carrying amount of inventory to net realizable value; takes into consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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+ Details