INVENTORIES

9 Months Ended

Sep. 30, 2020

INVENTORIES

INVENTORIES

5.          INVENTORIES

Inventory costs include materials, labor and factory overhead. Inventories are stated at the lower of cost or net realizable value, determined on a first-in, first-out basis. Appropriate consideration is given to obsolescence, valuation and other factors in determining net realizable

value. Revisions of these estimates could result in the need for adjustments. Inventories, net of reserves, at September 30, 2020 and December 31, 2019 consisted of the following:

	September 30,		December 31,
	2020		2019
Chassis	$	7,500	$	6,561
Raw materials		39,255		39,444
Work in process		15,592		16,520
Finished goods		25,101		25,440
	$	87,448	$	87,965