INVENTORIES (Notes)

9 Months Ended

Mar. 31, 2013

The components of inventories at March 31, 2013 and June 30, 2012, were as follows:



	March 31, 2013			June 30, 2012
Raw materials	$	4,531,770		$	3,922,643
Work-in process	10,249			32,045
Finished goods	6,388,781			6,311,414
	10,930,800			10,266,102
Allowance for obsolete inventory	(941,399		)	(869,752		)
Total inventories	$	9,989,401		$	9,396,350

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details