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Inventories

12 Months Ended

Oct. 28, 2011

NOTE 3 – INVENTORIES

The major classes of inventories consist of the following:


	2011		2010
Manufactured products	$	189,754	$	215,045
Raw materials, supplies and work-in-progress		146,996		134,104
Total Inventories	$	336,750	$	349,149

Inventories stated at cost determined by the last-in, first-out (LIFO) method aggregate $124,112 at October 28, 2011 and $129,161 at October 29, 2010, approximately $91,379 and $67,672 lower, respectively, than such costs determined under the first-in, first-out (FIFO) method.

- 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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