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Inventories

12 Months Ended

Sep. 30, 2013

Inventories consist of the following as of September 30, 2013 and 2012:



	2013		2012
Raw materials, including corn, coal, chemicals and supplies	$	2,737,470	$	2,048,130
Work in process	1,063,759		1,432,257
Ethanol and distillers grain	1,540,970		2,442,549
Total	$	5,342,199	$	5,922,936

For the years ended September 30, 2013 and 2012, the Company recognized a reserve and resulting loss of none and $368,000, respectively, for a lower of cost or market inventory adjustment.

- 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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