|6 Months Ended|
Jun. 30, 2017
|Inventory Disclosure [Abstract]|
Inventories consisted primarily of bulk ethanol, corn, co-products, Low-Carbon Fuel Standard (“LCFS”) credits and unleaded fuel, and are valued at the lower of cost and net realizable value, with cost determined on a first-in, first-out basis. Total inventories are net of a valuation adjustment of $256,000 as of June 30, 2017. Inventory balances consisted of the following (in thousands):
Inventory balances consisted of the following (in thousands):
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/presentationRef