INVENTORIES

12 Months Ended

Feb. 28, 2023

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

2. INVENTORIES

Inventories consist of the following:

	February 28,
	2023			2022
Current:
Product inventory	$	59,577,400		$	72,064,400
Inventory valuation allowance		(490,900	)		(510,800	)
Inventories net - current	$	59,086,500		$	71,553,600
Noncurrent:
Product inventory	$	5,135,200		$	2,437,600
Inventory valuation allowance		(415,600	)		(382,300	)
Inventories net - noncurrent	$	4,719,600		$	2,055,300

Inventory in transit totaled $850,100 and $2,732,400 at February 28, 2023 and February 28, 2022, respectively.

Product inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2 ½ years of anticipated sales, are included in noncurrent inventory.