Note 1 - Summary of Significant Accounting Policies: Merchandise Inventories (Policies)

12 Months Ended

Jul. 28, 2012

Policies

Merchandise Inventories

Merchandise inventories

Approximately 65% of merchandise inventories are stated at the lower of LIFO (last-in, first-out) cost or market. If the FIFO (first-in, first-out) method had been used, inventories would have been $14,842 and $14,241 higher than reported in fiscal 2012 and 2011, respectively. All other inventories are stated at the lower of FIFO cost or market.