Inventories

Inventories consist of the following:



	October 31,
	2011		2010
Raw materials	$	14,433	$	8,009
Work-in-process	5,612		5,246
Finished goods	8,575		6,321
Total material	28,620		19,576
Tooling	5,356		1,343
Total inventories	$	33,976	$	20,919

Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $566 and $1,393 at October 31, 2011 and 2010, respectively.

The increase in raw material inventories of approximately $6,400 is a result of increased sales volumes along with increased sales with steel ownership. The increase in finished goods inventory of approximately $2,300 includes approximately $1,700 of a bank of parts produced by the Company's Mansfield facility to facilitate its closure as of October 2011 and supply a two to fourteen week requirement of parts for certain customers that will ship throughout the first quarter of fiscal 2012. Tooling inventories increased approximately $4,000 for customer reimbursed production tooling related to new program awards that go into production throughout fiscal 2012.