Inventories

3 Months Ended

Sep. 30, 2022

Inventories

4. Inventories

4. Inventories

The components of inventories include the following:

	September 30, 2022			June 30, 2022
Raw materials	$	2,788,577		$	3,019,156
Work in process		2,731,354			2,243,907
Finished goods		2,916,888			3,052,001
Allowance for obsolescence		(1,431,110	)		(1,329,637	)
	$	7,005,709		$	6,985,427

The value of tooling in raw materials, net of the related allowance for obsolescence, was approximately $1.5 million and $1.6 million as of September 30, 2022 and June 30, 2022, respectively.