Inventories, consisting of materials, labor and overhead at December 31 were comprised of the following:
|
|
2016 |
|
|
2015 |
|
||
|
Finished goods |
$ |
2,668,700 |
|
|
$ |
2,101,300 |
|
|
Raw materials |
|
3,035,000 |
|
|
|
2,717,300 |
|
|
Inventory reserve for obsolescence |
|
(62,400 |
) |
|
|
(120,000 |
) |
|
|
$ |
5,641,300 |
|
|
$ |
4,698,600 |
|