INVENTORIES

6 Months Ended

Nov. 24, 2019

INVENTORIES

INVENTORIES

4.    INVENTORIES

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

	November 24,		May 26,
	2019		2019
Raw materials and packaging	$	213.5	$	93.1
Finished goods		386.7		371.4
Supplies and other		35.8		33.8
Inventories	$	636.0	$	498.3