INVENTORIES

6 Months Ended

Aug. 31, 2023

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 4 – INVENTORIES

Inventories consist of the following:

	August 31, 2023			February 28, 2023
Current:
Product inventory	$	54,317,200		$	59,577,400
Inventory valuation allowance		(635,000	)		(490,900	)
Inventories net – current	$	53,682,200		$	59,086,500
Noncurrent:
Product inventory	$	8,676,900		$	5,135,200
Inventory valuation allowance		(487,600	)		(415,600	)
Inventories net – noncurrent	$	8,189,300		$	4,719,600

Inventory in transit totaled $503,800 and $850,100 at August 31, 2023, and February 28, 2023, respectively.

Product inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2½ years of anticipated sales, are included in noncurrent inventory.