Inventory

12 Months Ended

Oct. 31, 2015

Inventory [Abstract]

Inventory

INVENTORY

Inventory consists of the following:

	October 31, 2015		October 31, 2014
Raw materials	$	4,504,388	$	4,867,269
Supplies	2,631,452		2,449,995
Work in process	1,445,084		1,459,253
Finished goods	3,631,101		1,948,627
Totals	$	12,212,025	$	10,725,144

The Company performs a lower of cost or net realizable value analysis on inventory to determine if the market values of certain inventories are less than their carrying value, which is attributable primarily to decreases in market prices of corn and ethanol. Based on the lower of cost or net realizable value analysis, the Company did not record a material lower of cost or net realizable charge on certain inventories for the fiscal years ended October 31, 2015, 2014 or 2013.