Note 3 - Inventories and Major Vendors

6 Months Ended

Apr. 30, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 3 – 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): 

	April 30, 2021		October 31, 2020
Raw materials and supplies	$	5,035	$	4,410
Work in process		314		196
Finished goods		4,225		3,980
Totals	$	9,574	$	8,586

For the three months ended April 30, 2021, one vendor accounted for 15% of inventory purchases, while no vendors accounted for more than 10% of inventory purchases for the three months ended April 30, 2020. No vendors accounted for more than 10% of inventory purchases for the six months ended April 30, 2021 or 2020. We have arrangements with our vendors to purchase products based on purchase orders that we periodically issue.