Inventories

The components of inventory as of July 31, 2014 and October 31, 2013 consisted of the following:



	July 31, 2014		October 31, 2013
Raw materials	$	23,173	$	20,599
Work-in-process ⁽¹⁾	32,588		35,586
Inventories	$	55,761	$	56,185


(1)	Work-in-process includes the standard components of inventory used to build the typical modules or stack components that are intended to be used in future power plant orders or to service SA's. Included in work-in-process as of July 31, 2014 and October 31, 2013 is $19.9 million and $5.8 million, respectively, of completed standard components.

Raw materials consist mainly of various nickel powders and steels, various other components used in producing cell stacks and purchased components for balance of plant. Work-in-process inventory is comprised of material, labor, and overhead costs incurred to build fuel cell stacks, which are subcomponents of a power plant. Work in process also includes costs related to modules which have not yet been dedicated to a particular commercial customer contract.