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INVENTORIES
3 Months Ended
Aug. 27, 2017
INVENTORIES  
INVENTORIES

5.    INVENTORIES

 

Inventories are valued at the lower of cost (determined using the first-in, first-out method) or market and include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. The components of inventories were as follows (dollars in millions):

 

 

 

 

 

 

 

 

 

    

August 27,

 

May 28,

 

 

2017

    

2017

Raw materials and packaging

 

$

50.0

 

$

84.5

Finished goods

 

 

414.0

 

 

409.7

Supplies and other

 

 

30.4

 

 

30.8

Inventories

 

$

494.4

 

$

525.0