Quarterly report pursuant to Section 13 or 15(d)

Inventories.

v3.21.1
Inventories.
 3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES.

4. INVENTORIES.


Inventories consisted primarily of bulk ethanol, specialty alcohols, corn, essential ingredients 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 $1,033,000 valuation adjustment as of December 31, 2020. Inventory balances consisted of the following (in thousands):


    March 31, 2021     December 31,
2020		  
Finished goods   $ 39,654     $ 25,154  
Work in progress     4,965       4,333  
Raw materials     9,233       7,074  
Other     1,364       1,364  
Total   $ 55,216     $ 37,925