Note C - Inventories

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

C

. INVENTORIES

The major classes of inventories at

June 30

were as follows:

	2020		2019
Finished parts	$	62,394	$	57,682
Work in process		17,844		23,812
Raw materials		40,369		44,399
	$	120,607	$	125,893

Inventories stated on a LIFO basis represent approximately

50%

and

52%

of total inventories at

June 30, 2020

and

2019,

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

$27,225

and

$25,709

at

June 30, 2020

and

2019,

respectively. The Company had reserves for inventory obsolescence of

$9,863

and

$10,463

at

June 30, 2020

and

2019,

respectively.