Inventories

9 Months Ended

Jun. 30, 2014

6.	*INVENTORIES*

Inventories were comprised of :


	June 30, 2014			September 30, 2013
	(unaudited)
Raw materials	$	1,054,000		$	920,000
Work in process		35,000			89,000
Finished goods		408,000			625,000

Total		1,497,000			1,634,000
Less: Current portion		(1,017,000	)		(1,154,000	)

Long-term portion	$	480,000		$	480,000

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

XENONICS HOLDINGS, INC. 10-Q