Note B - Inventories

12 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

B

. INVENTORIES

The major classes of inventories at

June 30

were as follows:

	2018		2017
Finished parts	$	49,332	$	45,829
Work in process		13,183		8,358
Raw materials		21,486		12,006
	$	84,001	$	66,193

Inventories stated on a LIFO basis represent approximately

48%

and

36%

of total inventories at

June 30, 2018

and

2017,

respectively. The approximate current cost of the LIFO inventories exceeded the LIFO cost by

$24,630

and

$26,422

at

June 30, 2018

and

2017,

respectively. The Company had reserves for inventory obsolescence of

$8,427

and

$9,068

at

June 30, 2018

and

2017,

respectively.