INVENTORIES

3 Months Ended

Mar. 31, 2022

INVENTORIES

INVENTORIES

NOTE 7 – INVENTORIES

Inventories consist of:

	March 31, 2022		December 31, 2021
Raw material	$	2,163,000	$	2,166,000
Work in process		2,181,000		1,360,000
Finished goods		23,204,000		20,495,000
	$	27,548,000	$	24,021,000

Inventory increased to $27,548,000 at March 31, 2022, from $24,021,000 at December 31, 2021. This increase, most of which took place at Florida Pneumatic, was due primarily to two factors; to increase safety stock levels, and to fulfill a large retail order that was received in late 2021 that is scheduled to ship during the second quarter of 2022.