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INVENTORIES

12 Months Ended

Dec. 27, 2014

(4) INVENTORIES

Inventories consisted of the following at December 27, 2014 and December 28, 2013:

	2014		2013
Raw materials and purchased parts	$	179,093	$	179,576
Work-in-process		27,835		27,294
Finished goods and manufactured goods		199,772		218,334

Subtotal		406,700		425,204
Less: LIFO reserve		47,178		45,204

	$	359,522	$	380,000

- 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.

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