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INVENTORIES

12 Months Ended

Jun. 30, 2012

NOTE 7: INVENTORIES

At June 30, 2012 and 2011, inventories were as follows:


	June 30, 2012		June 30, 2011

Raw materials and manufactured parts	$	12,753	$	13,265
Work in process		12,031		10,742
Finished goods		2,976		4,372

	$	27,760	$	28,379

- 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.

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