Inventories

12 Months Ended

Apr. 30, 2022

Inventories [Abstract]

Inventories, Net

NOTE D - INVENTORIES

Inventories consist of the following at April 30:

	2022		2021
Finished products	$	22,175,641	$	22,858,073
Work-in-process		5,907,766		5,601,560
Raw materials		140,118,156		72,033,278
		168,201,563		100,492,911
Less obsolescence reserve		3,236,347		2,414,310
	$	164,965,216	$	98,078,601

Changes in the Company’s inventory obsolescence reserve are as follows:

	2022		2021
Beginning balance	$	2,414,310	$	1,350,362
Provision for obsolescence		1,711,599		1,172,995
Write-offs		(889,562)		(109,047)
	$	3,236,347	$	2,414,310