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

INVENTORIES

v2.4.0.6
INVENTORIES
9 Months Ended
Sep. 30, 2011
Inventory Disclosure [Text Block]
3.
INVENTORIES.

Inventories consisted primarily of bulk ethanol, unleaded fuel and corn, 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, 2011
   
December 31, 2010
 
Finished goods
  $ 15,313     $ 11,105  
Work in progress
    4,546       4,087  
Raw materials
    1,410       1,308  
Other
    1,160       806  
Total
  $ 22,429     $ 17,306