Quarterly report pursuant to sections 13 or 15(d)

3. INVENTORIES

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3. INVENTORIES
9 Months Ended
Sep. 30, 2012
InventoriesAbstract  
3. INVENTORIES

 

Inventories consisted primarily of bulk ethanol and unleaded fuel, and are valued at the lower-of-cost-or-market, with cost determined on a first-in, first-out basis. Inventory balances consisted of the following (in thousands):

 

 

    September 30, 2012     December 31, 2011  
Finished goods   $ 8,089     $ 9,429  
Work in progress     4,164       4,284  
Raw materials     1,273       1,334  
Other     848       1,084  
Total   $ 14,374     $ 16,131