NOTE 3 – INVENTORIES

The major classes of inventories consist of the following:



	2015		2014
Manufactured products	$	268,832	$	314,354
Raw materials, supplies and work-in-progress	183,077		171,908
Total Inventories	$	451,909	$	486,262

The amounts above include inventories stated at cost determined by the last-in, first-out (LIFO) method. Total LIFO inventories were $190,132 at October 30, 2015 and $212,102 at October 31, 2014, approximately $55,780 and $85,908 lower, respectively, than such costs determined under the first-in, first-out (FIFO) method.