INVENTORIES

9 Months Ended

Sep. 30, 2023

INVENTORIES

INVENTORIES

6.          INVENTORIES

Inventory costs include materials, labor and factory overhead. Inventories are stated at the lower of cost or net realizable value, determined on a moving average unit cost 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, 2023 and December 31, 2022 consisted of the following:

	September 30,		December 31,
	2023		2022
Chassis	$	20,187	$	18,604
Raw materials		86,157		75,934
Work in process		45,520		40,655
Finished goods		24,465		18,463
	$	176,329	$	153,656