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INVENTORIES

9 Months Ended

Sep. 30, 2013

NOTE 7

INVENTORIES

Inventories by major categories are summarized as follows:

	September 30,		December 31,
	2013		2012
Raw materials	$	15,642,987	$	12,906,713
Work in progress		618,107		419,695
CCA and copper wire		3,289,058		2,947,584
Copper rod and anode		4,100,922		1,570,413
	$	23,651,074	$	17,844,405

- 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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