Note 7 - Inventories

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

7

:   Inventories

Inventories consist of the following (in thousands):

	12/31/201 9			6/30/201 9
Raw material and supplies	$	29,006		$	26,106
Goods in process and finished parts		15,811			17,464
Finished goods		44,000			41,500
		88,817			85,070
LIFO Reserve		(23,707	)		(23,280	)
	$	65,110		$	61,790

LIFO inventories were

$13.5

million and

$9.8

million at

December 31, 2019

and

June 30, 2019,

respectively, such amounts being approximately

$23.7

million and

$23.3

million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a

$0.1

million and

$0.4

million increase in cost of sales for the

three

- and

six

-months period ended

December 31, 2019

compared to a

$0.3

million and

$0.6

million decrease for the

three

- and

six

-month periods ended

December 31, 2018.