Inventories and major vendors

3 Months Ended

Jan. 31, 2020

Inventories and major vendors

Inventories and major vendors

Note 3 - Inventories and major vendors

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method. Inventories consist of the following (in thousands):

	January 31, 2020		October 31, 2019
Raw materials and supplies	$	3,949	$	3,576
Work in process		489		791
Finished goods		3,952		3,878
Totals	$	8,390	$	8,245

No vendors accounted for more than 10% of inventory purchases for the three months ended January 31, 2020. For the three months ended January 31, 2019, two vendors each accounted for 17% of inventory purchases. We have arrangements with these vendors to purchase products based on purchase orders that we periodically issue.