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NOTE 4 - INVENTORIES

3 Months Ended

Dec. 31, 2011

NOTE 4 - INVENTORIES

Inventories included in the accompanying condensed consolidated balance sheet consist of the following:

(000's omitted)

	December 31, 2011		June 30, 2011
Purchased parts, components and supplies	$	2,898	$	1,818
Work-in-process		908		582
	$	3,806	$	2,400

- Definition

Disclosure of accounting policy for the basis and manner that goods are added and removed from inventory for supplies to be consumed directly or indirectly in production. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory and how cost is determined (such as FIFO, LIFO, average).

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