INVENTORIES

6 Months Ended

Nov. 28, 2021

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:

	November 28,		May 30,
(in millions)	2021		2021
Raw materials and packaging	$	206.1	$	89.8
Finished goods		361.1		377.8
Supplies and other		46.7		45.9
Inventories	$	613.9	$	513.5