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Inventories

12 Months Ended

Oct. 25, 2013

NOTE 3 – INVENTORIES

The major classes of inventories consist of the following:


		2013		2012
Manufactured products	$	267,680	$	215,790
Raw materials, supplies and work-in-progress		171,302		144,637
Total Inventories	$	438,982	$	360,427

The amounts above inventories stated at cost determined by the last-in, first-out (LIFO) method. Total LIFO inventories were $187,781 at October 25, 2013 and $144,693 at October 26, 2012, approximately $86,337 and $88,342 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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