Inventories

Inventories consist of the following:



	July 31, 2011		October 31, 2010
Raw materials	$	19,983	$	8,009
Work-in-process	6,015		5,246
Finished goods	9,897		6,321
Total material	35,895		19,576
Tooling	5,233		1,343
Total inventory	$	41,128	$	20,919

Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $332 and $1,393 at July 31, 2011 and October 31, 2010, respectively.

The increase in raw material inventories of approximately $8,000 is related to the required purchase of raw material to support the planned bank build at the Company's Mansfield, Ohio facility. The raw material will be consumed into finished goods to build a bank of parts to supply between a two to fourteen week requirement of customer releases of inventory to facilitate the move of certain machinery and equipment from the Mansfield facility to the Company's Bowling Green, Kentucky facility and for the planned closure of operations during fiscal 2011. The remaining increase of raw materials of approximately $3,900 is a result of increased sales volumes along with increased sales with steel ownership.

The increase in tooling inventories of $3,890 is for customer reimbursed production tooling related to new program awards that go into production in the fourth quarter of fiscal 2011 and throughout fiscal 2012.