General form of registration statement for all companies including face-amount certificate companies

3. INVENTORIES

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3. INVENTORIES
3 Months Ended
Mar. 31, 2013
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):

  

    March 31, 2013     December 31, 2012  
Finished goods   $ 11,053     $ 10,230  
Work in progress     4,481       3,846  
Raw materials     1,212       1,363  
Other     790       805  
Total   $ 17,536     $ 16,244