Inventories

8 Months Ended

Jul. 07, 2017

Inventory Disclosure [Abstract]

Inventories

Note 2 - Inventories:

Inventories are comprised of the following at the respective period ends:

	(unaudited)
	July 7, 2017		October 28, 2016
Meat, ingredients and supplies	$	5,731	$	5,401
Work in progress		1,688		1,206
Finished goods		12,709		17,474
	$	20,128	$	24,081

Inventories are valued at the lower of cost (which approximates actual cost on a first-in, first-out basis) or market. Costs related to warehousing, transportation and distribution to customers are considered when computing market value. Inventories include the cost of ingredients, labor and manufacturing overhead. We regularly review inventory quantities on hand and write down any excess or obsolete inventories to estimated net realizable value. An inventory reserve is created when potentially slow-moving or obsolete inventories are identified in order to reflect the appropriate inventory value. Changes in economic conditions, production requirements, and lower than expected customer demand could result in additional obsolete or slow-moving inventory that cannot be sold or may need to be sold at reduced prices and could result in additional reserve provisions.