Note 7 - Inventories

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

7

:   Inventories

Inventories consist of the following (in thousands):

	03/31/2020			6/30/2019
Raw material and supplies	$	27,269		$	26,106
Goods in process and finished parts		14,610			17,464
Finished goods		39,989			41,500
		81,868			85,070
LIFO Reserve		(23,564	)		(23,280	)
	$	58,304		$	61,790

LIFO inventories were

$11.1

million and

$9.8

million at

March 31, 2020

and

June 30, 2019,

respectively, such amounts being approximately

$23.6

million and

$23.3

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

$0.3

million increase in cost of sales for the

nine

months ended

March 31, 2020

compared to a

$0.8

million decrease for the

nine

months ended

March 31, 2019.