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Inventories
12 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventories
NOTE 2 – INVENTORIES
Inventories are valued at the lower of cost or net realizable value.
Net inventories consist of the following:
 
 
  
September 30,
 
 
  
2021
 
  
2020
 
Raw materials
  
$
25,858,000
 
  
$
14,607,000
 
Work in process
  
 
6,280,000
 
  
 
3,633,000
 
Finished goods
  
 
9,730,000
 
  
 
8,810,000
 
Used equipment
  
 
20,000
 
  
 
40,000
 
    
 
 
    
 
 
 
Inventories, net
  
$
41,888,000
 
  
$
27,090,000
 
    
 
 
    
 
 
 
Slow-moving and obsolete inventory reserves were $5,397,000 and $4,617,000 at September 30, 2021 and 2020, respectively.