Note 6 - Inventories

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

6:

   Inventories

Inventories consist of the following (in thousands):

	03/31/2019			6/30/2018
Raw material and supplies	$	26,172		$	23,764
Goods in process and finished parts		18,519			18,423
Finished goods		42,585			40,739
		87,276			82,926
LIFO Reserve		(24,120	)		(24,887	)
	$	63,156		$	58,039

LIFO inventories were

$7.3

million and

$8.4

million at

March 31, 2019

and

June 30, 2018,

respectively, such amounts being approximately

$24.1

million and

$24.9

million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a

$0.8

million decrease in cost of sales for the

nine

months ended

March 31, 2019

compared to a

$0.2

million decrease for the

nine

months ended

March 31, 2018.