5. Inventories, Net

Inventories, net at April 30, 2020 and 2019, respectively, consisted of the following (in thousands):

	2020		2019
Raw Materials and Component Parts	$	15,470	$	11,600
Work in Progress		6,104		8,896
Finished Goods		1,384		2,860
	$	22,958	$	23,356

The Company’s inventory reserve policy resulted in a charge of $1.1 million in the fiscal year ended April 30, 2019. Inventory reserves included in inventory were $6.6 million for each of the fiscal years ended April 30, 2020 and 2019.