Note 4 - Inventories and Major Vendors

12 Months Ended

Oct. 31, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4 – 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): 

	2021		2020
Raw materials and supplies	$	6,422	$	4,410
Work in process		381		196
Finished goods		4,376		3,980
Totals	$	11,179	$	8,586

One vendor accounted for 26% of inventory purchases during the fiscal year ended October 31, 2021, and no vendor accounted for more than 10% of inventory purchases for the fiscal year ended October 31, 2020. We have arrangements with our vendors to purchase products based on purchase orders that we periodically issue.