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Note 6 - Inventory

3 Months Ended

Nov. 30, 2012

NOTE 6 – INVENTORY

Inventory consists of finished goods, work-in-process, and raw materials. No allowance for inventory was reserved as of November 30, 2012 and May 31, 2012.

The components of inventories as of November 30, 2012 and May 31, 2012 were as follows:


	November 30, 2012		May 31, 2012

Raw materials	$	164,439	$	410,729
Packaging		60,337		59,896
Work-in-progress		694,546		720,229
Finished goods		254,323		794,466
Total Inventories	$	1,173,645	$	1,985,391

- 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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