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Inventories, Net
 12 Months Ended
Sep. 30, 2012
Inventories, Net [Abstract]  
INVENTORIES, NET

NOTE 2 – INVENTORIES, NET

Net inventories consist of the following:

 

                 
    September 30,  
    2012     2011  

Raw materials

   $ 7,375,000     $ 8,846,000  

Work in process

     1,201,000       2,017,000  

Finished goods

     3,202,000       1,726,000  

Used equipment

     140,000       289,000  
   

 

 

    

 

 

  
    $ 11,918,000     $ 12,878,000  
   

 

 

    

 

 

  

At September 30, 2012 and 2011, cost is determined by the last-in, first-out (“LIFO”) method for inventories. The estimated current cost of inventories exceeded their LIFO basis by approximately $4,992,000 and $4,435,000 at September 30, 2012 and 2011, respectively.