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Inventories, Net
 12 Months Ended
Sep. 30, 2017
Inventory Disclosure [Abstract]  
Inventories, Net

NOTE 2 - INVENTORIES, NET

Net inventories consist of the following:

 

     September 30,  
     2017      2016  

Raw materials

    $ 9,407,000      $ 7,072,000  

Work in process

      3,098,000        976,000  

Finished goods

      4,166,000        3,545,000  

Used equipment

      16,000        41,000  
  

 

 

     

 

 

  
   $ 16,687,000      $ 11,634,000  
  

 

 

     

 

 

  

At September 30, 2017 and 2016, cost is determined by the LIFO method for inventories. The estimated current cost of inventories exceeded their LIFO basis by approximately $4,250,000 and $4,766,000 at September 30, 2017 and 2016, respectively. Slow moving and obsolete inventory reserves were $3,826,000 and $3,869,000 at September 30, 2017 and 2016, respectively.