Note 4 - Inventories and Major Vendors

12 Months Ended

Oct. 31, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

4

–

Inventories and major vendors

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method.  Inventories consist of the following (in thousands): 

	2020		2019
Raw materials and supplies	$	4,410	$	3,576
Work in process		196		791
Finished goods		3,980		3,878
Totals	$	8,586	$	8,245

No

vendor accounted for more than

10%

of inventory purchases for the fiscal year ended

October 31, 2020,

compared to

two

vendors who accounted for

13%

and

19%

of inventory purchases during the fiscal year ended

October 31, 2019.

We have arrangements with these vendors to purchase products based on purchase orders that we periodically issue.