v3.20.4

INVENTORY (Details) - USD ($)	12 Months Ended
INVENTORY (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Inventory
Raw materials	$ 2,440,997	$ 932,503
Work in process	713,037	732,243
Finished goods	2,677,095	3,157,429
Supplies	1,232,546	1,454,083
Totals	7,063,675	6,276,258
Ethanol
Inventory
Loss on inventory	$ 204,000	537,000
Corn
Inventory
Loss on inventory		$ 47,000

Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of products used directly or indirectly in the manufacturing or production process, which may or may not become part of the final product. May also include items used in the storage, presentation or transportation of physical goods.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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Amount of loss from reductions in inventory due to subsequent measurement adjustments, including, but not limited to, physical deterioration, obsolescence, or changes in price levels.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Heron Lake BioEnergy, LLC 10-K