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INVENTORIES

3 Months Ended

Sep. 30, 2014

NOTE 3 – INVENTORIES

Inventories consist of the following:

	September 30,		June 30,
	2014		2014
Raw materials	$	52,402,159	$	24,618,225
Supplies and packing materials		639,812		492,954
Work in progress		312,410		440,935
Finished goods		47,229,020		49,934,784
Total	$	100,583,401	$	75,486,898

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details