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NOTE 4 - INVENTORIES

3 Months Ended

Mar. 31, 2012

NOTE 4 - INVENTORIES

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

(000's omitted)

	March 31, 2012		June 30, 2011
Purchased parts, components and supplies	$	2,291	$	1,818
Work-in-process		1,045		582
	$	3,336	$	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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