Note 4 - Inventories and Major Vendors

12 Months Ended

Oct. 31, 2022

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): 

	2022		2021
Raw materials and supplies	$	15,238	$	6,422
Work in process		439		381
Finished goods		5,377		4,376
Totals	$	21,054	$	11,179

One vendor accounted for 27% of inventory purchases during the fiscal year ended October 31, 2022, and one vendor accounted for 26% of inventory purchases for the fiscal year ended October 31, 2021. We have arrangements with our vendors to purchase products based on purchase orders that we periodically issue.