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Inventories

12 Months Ended

Jun. 30, 2012

(4)	Inventories

Inventories comprise the following at June 30:

	2012		2011
Finished goods	$	41,550		29,570
Work in process		403		2,078
Raw materials		62,957		67,213
Parts and supplies		14,531		10,431
Total	$	119,441		109,292

At June 30, 2012, $112,418 in inventory is valued using the first-in, first-out method and $7,023 using the average cost method. At June 30, 2011, $102,478 in inventory is valued using the first-in, first-out method and $6,814 using the average cost method.

- 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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