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3. INVENTORIES (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2012
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| Inventories Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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):
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- Details
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- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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