Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES.

v3.20.2
INVENTORIES.
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
INVENTORIES.

4. INVENTORIES.

 

Inventories consisted primarily of bulk high quality alcohol, ethanol, corn, co-products, low-carbon and Renewable Identification Number ("RIN") credits and unleaded fuel, and are valued at the lower-of-cost-or-net realizable value, with cost determined on a first-in, first-out basis. Inventory is net of a $0 and $1,290,000 valuation adjustment as of June 30, 2020 and December 31, 2019, respectively. Inventory balances consisted of the following (in thousands):

 

    June 30,
2020
    December 31,
2019
 
Finished goods   $ 28,810     $ 38,194  
Work in progress     3,018       7,426  
Raw materials     6,655       7,890  
Low-carbon and RIN credits     6,443       5,690  
Other     1,400       1,400  
Total   $ 46,326     $ 60,600